Investing.com - The stock market correction that hit in February is making a mark in the record books.
The correction--defined as a decline of at least 10% from the market's peak -- is now the third longest since 1950, according to WSJ Market Data Group.
Earlier this week, the correction surpassed the one from 2007-2008, when both the S&P 500 and Dow Industrials went 108 trading days before regaining their record highs.
The next correction milestone isn't far off -- 122 trading days for the S&P 500 and 123 days for the Dow. That was in 1984.
The average duration of the three dozen market corrections since 1950 is about four months.
Though the current correction is unusually long, it is still far shy of the longest in history. That one lasted 229 trading days in 1977-1978.
There are, however, two bright spots to this correction. One is that the S&P 500's 10.1% decline is well below the 13% average.
The other is that the index is just 2% away from reclaiming its January 23 record high of 2,829.13.