More S&P 500 Pain Seen by Leuthold’s Ramsey as 10% Losses Spread

For most American stocks, the correction has arrived.

While gauges such as the Standard & Poor’s 500 Index cling to gains for the year, declines that exceed 10 percent are spreading in the broader market. In the Russell 3000 Index, for example, 79 percent of companies are down that much from their highs, according to data compiled by Bloomberg.