Major indices down over -1.5% now
The US stock market declines are accelerating with the major indices down over -1.5%.
A snapshot currently shows:
- S&P index, -50 points or -1.78% at 2741
- NASDAQ index -155 points or -2.09% at 7284
- Dow industrial average -470 points or -1.82% at 25350
Technically, the S&P index fell below both the 50 and 200 day MAs today at 2768 and 2762 respectively (at 2741.10 as I type) Yesterday on the run higher, the price high stalled ahead of the 100 day MA at 2814 (blue line).