Dow down -2000+ points. Nasdaq down -900+ points. S&P down -300+ points

The stocks are pushing back to the downside with the :

• Dow -2000+ points or -5.28%
• NASDAQ index -900+ points or -5.64%
• S&P index -300+ points or -5.76%

The NASDAQ index is on pace for its second consecutive decline of over 5%. That has only happened three other times in 1987, 2001, and 2008.

• The NASDAQ index it will close below its 100 week moving average for the first time since May 15, 2023. The 100 week moving averages at 16256.96. The current index is at 15660.28.
• S&P index is also on pace to close below its 100 week moving average at 5146.43. The current price is at 5094.
• The Dow industrial average is also below its 100 week moving average at 38745.40. The current price is at 38473.97.

For the trading week:

• Dow is down -7.5% which is its worst trading week since a 17.3% decline in March 2020.
• S&P index is down -8.8%. That is its worst week since falling near 15% in March 2020.
• NASDAQ index is down -9.65%. That is its worst week since March 2020 when index fell -12.64%

This article was written by Greg Michalowski at www.forexlive.com.



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