[Armisael16]

The standard definition of a correction is a 10-20% market decline. “Minor” corrections aren’t defined, though one could imagine an event that barely meets the threshold making sense.

But yes, strictly you are right - this isn’t a correction at all.

source: https://www.schwab.com/learn/story/market-correction-what-do....

[blackeyeblitzar]

Well some indices confirmed it was a correction: https://www.reuters.com/markets/us/futures-slide-amazon-inte...

> the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked fears of an oncoming recession

My point was that it was explicitly a correction and officially confirmed as such for some indices, and that the label of “minor” is more of an opinion or spin.