Nasdaq Composite fell 5.52% to 24,315 on Thursday, entering correction territory about 12% below its October 6 record as chip stocks led a selloff. Nine of its last 10 corrections were followed by six-month gains averaging 17.03%, according to BeInCrypto, citing CNBC data; January 2022 was the exception, down 18.32%. The Fed paused in January 2019 but raised rates seven times in 2022; it lifted its benchmark range to 3.75%–4.00% in September and held in October. December hike odds were 68.1% Thursday, down from 82.7%, ahead of Friday’s jobs report. Bitcoin fell with tech stocks before the Fed’s December 9 decision.