By midday the Dow Jones was down 141 points, or 1.37 per cent, at 10,161. A close below 10,193.44 on the Dow will represent a 10 per cent decline - the benchmark for a correction - from its all-time high of 11,326.04 on 25 August.
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WALL STREET moved into correction territory by midday as stocks fell on a number of worries, including rising interest rates, currency fluctuations and an overall lack of good news.