NEW YORK STOCK EXCHANGE (Flickr/Modesto Del Rio).

The Standard and Poor 500 on Thursday plunged, reaching a 10.1 percent decrease from its peak, signaling what’s called a “correction” which historically has frightened some investors about the possibility of a recession.

Rapid changes in economic policy from The White House are blamed for the declines in all the major stock exchanges, according to The New York Times.

A correction doesn’t always lead to recession, in fact – it usually doesn’t. But there’s concern that the swings in stock could discourage investors from purchasing on Wall Street, which could slow down the stock exchanges and have other effects.

“I’m not concerned a little bit about this bit of volatility over three weeks,” said Treasury Secretary Scott Bessent.

Schumer may back GOP spending bill

Senate Democratic leader Chuck Schumer of New York will consider a Republican bill to fund operation of the federal government.

A VOTE ON a bill to avoid a govt. shutdown goes up for a vote in the Senate (Shutterstock).

According to The Associated Press, he told colleagues that while the Republican bill was bad, he thought a shutdown would be worse.

“For Donald Trump, a shutdown would be a gift. It would be the best distraction he could ask for from his awful agenda,” sad Schumer.

The bill has already passed the House of Representatives and the Senate is expected to vote on Friday.

ALSO IN THE NEWS: The White House is asking permission from the U.S. Supreme Court to enforce an executive order curbing “birthright citizenship” for any person born in the U.S. Federal judges in three states have placed nationwide injunctions against it, said USA Today … Russian President Vladimir Putin said he agreed with a cease-fire proposal “in principle” but wanted more concessions, reported the AP.

Weather: Big rain on Friday

The forecast for Friday is for rain, or at lease a 90 percent chance. The daytime high is expected to be 54 with an overnight low of 44. Saturday will be mostly sunny with a high of 65 and a low of 46. Sunday is expected to warm to 69 (49) with mostly cloudy skies. Monday will cool a bit to 67 (47) with partly cloudy skies.