Nigeria, March 14 -- This report is from today's TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are.

The S&P 500 has entered correction territory, which is generally understood to indicate a drop of 10% or more from a recent peak, following Thursday's sell-off, joining the Nasdaq Composite.

In reality, investors who want to use alcohol as a diversion may suffer even more. After the European Union lifted its previous suspension of tariffs on American whisky, U.S. President Donald Trump threatened to put a 200% duty on alcoholic beverages from EU countries.

That glass of French champagne may become less bubbly and acquire sour undertones if...