The stocks return to the negative side with:
- Download -20000+ Point or -5.28 %
- Nasdaak -900+ or -5.64 %
- S&P -300++ or -5.76 % index
The Nasdaq Index goes quickly for its second retreat in a row for more than 5 %. This only happened three times in 1987, 2001 and 2008.
- Nasdaq index will close less than the moving average for 100 weeks for the first time since May 15, 2023. 100 weeks move in 16256.96. Current index in 15660.28.
- The S&P Index runs at a rapid pace to close less than average 100 weeks at 5146.43. The current price is at 5094.
- The DOW is also less than average for 100 weeks in 38745.40. The current price is at 38473.97.
For trading week:
- DOW decreased by -7.5 %, which is its worst trading week since 17.3 % decreased in March 2020.
- The S&P -8.8 % has decreased. This is its worst week since it decreased 15 % in March 2020.
- The Nasdaak -9.65 % has decreased. This is its worst week since March 2020 when the index -12.64 % decreased
This article was written by Greg Michelvski on www.forexlive.com.