The Dow Jones Industrial Average on Thursday marked its second-worst point decline in history as the stock market continued to convulse lower, pushing the blue-chip gauge and the S&P 500 into correction territory. The Dow DJIA, -0.87% shed 1,032 points, or 4.2%, to 23,860. The flurry of selling late in the session took the blue chip benchmark into correction territory, defined as 10% drop from its recent peak on Jan. 26. Shares of Dow component Boeing Co. BA, -3.81% led losses. The S&P 500 index SPX, -1.11% closed off 3.8% at 2,581, also pushing the broad-market index into a 10% decline from its recent peak in January. Meanwhile, the Nasdaq Composite Index COMP, -1.07% finished the brutal session down 274 points, or 3.9%, at 6,777. Worries about inflation weighed on the market's psyche as bond yields bounced around.