After all, market corrections like this one are a normal part of investing and can be expected to happen from time to time. Stock market corrections also tend to serve up opportunities for long-term investors to put money to work.

The S&P 500 closed in correction territory as the stock market continues its three-week tumble. Treasury Secretary Scott Bessent said he is "not concerned" about recent market volatility. Spirit Airlines is setting its sights on rival carrier Southwest.