Well some indices confirmed it was a correction: https://www.reuters.com/markets/us/futures-slide-amazon-intel-forecasts-disappoint-jobs-data-awaited-2024-08-02

Well some indices confirmed it was a correction: https://www.reuters.com/markets/us/futures-slide-amazon-intel-forecasts-disappoint-jobs-data-awaited-2024-08-02/ 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.