The shares are pushing again to the draw back with the :
- Dow -2000+ factors or -5.28%
- NASDAQ index -900+ factors or -5.64%
- S&P index -300+ factors or -5.76%
The NASDAQ index is on tempo for its second consecutive decline of over 5%. That has solely occurred three different instances in 1987, 2001, and 2008.
- The NASDAQ index it can shut under its 100 week shifting common for the primary time since Might 15, 2023. The 100 week shifting averages at 16256.96. The present index is at 15660.28.
- S&P index can also be on tempo to shut under its 100 week shifting common at 5146.43. The present worth is at 5094.
- The Dow industrial common can also be under its 100 week shifting common at 38745.40. The present worth is at 38473.97.
For the buying and selling week:
- Dow is down -7.5% which is its worst buying and selling week since a 17.3% decline in March 2020.
- S&P index is down -8.8%. That’s its worst week since falling close to 15% in March 2020.
- NASDAQ index is down -9.65%. That’s its worst week since March 2020 when index fell -12.64%
This text was written by Greg Michalowski at www.forexlive.com.
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