Investment Watch

Sneaking under some investors’ radar this month, a small “stealth” correction has been taking place--although there was a slight recovery Friday. The widely publicized Dow Jones industrial average, now down 1.3% from its May peak, and the Standard & Poor’s 500, down 1.7%, are masking a more severe downturn in other stocks. The Wilshire 5,000, the broadest U.S. stock index, is down 2.7% from its May peak of 6,759, and the Nasdaq composite has fallen 5.9% from its peak of 1,249. A nearly 6% correction in the Dow would certainly have attracted more attention.