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What is a downtick?

What is a downtick? Here are some definitions.

Noun
  1. (finance) A stock market transaction or quote at a price below a preceding one.
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Examples
The downtick in the unemployment rate, to 9.1 percent from 9.2 percent, is also dismaying on closer inspection.
There wasn't any earth-shattering macroeconomic information that can be blamed for the downtick in markets.
The current downtick in his ratings puts him below the pattern of successful presidents.
The little downtick we see today will be matched by an uptick tomorrow.
After yesterday's downtick in late trading, the pair now seems poised to correct itself back upwards once more.
I really don't see a significant drop in PC sales here, just an economic downtick.

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