The NASDAQ index led the declines in trading here today for the second consecutive day. Investors continue to lighten up on the tech/chip stocks.
Nvidia fell -2.05%Meta fell -1.37Alphabet fell -1.71%Broadcom fell AMD fell -3.21%Super microcomputers fell -6.26%.Palo Alto networks-5.69% Taiwan Semi conductors fell -3.03%Palantir fell-2.39%General Motors and Ford Motor Company also fell on increased tariff
Looking at the major indices
Dow industrial average fell minus 155.09 points or -0.37% at 42299.70.S&P index fell -18.89 points or -0.33% and 5693.31.NASDAQ index fell -94.90 points or -0.53% at 17804.03.Russell 2000 fell -8.13 points or -0.39% at 2065.69.Both the broader S&P 500 and NASDAQ indices remain above their respective 100-hour moving averages, but they continue to trade comfortably below their 200-hour moving averages—signaling a market that’s holding on, but still under pressure.
For the NASDAQ, the 100-hour moving average is at 17,738.33, while Thursday’s close landed at 17,804.03, just 66 points above that support level. The 200-hour moving average remains well above at 18,402.06, about 600 points away, highlighting the distance bulls need to cover to reclaim stronger technical footing.
The S&P 500 also holds above its 100-hour moving average, currently at 5,657.45, with Thursday’s close at 5,693.00—a 36-point cushion. Its 200-hour moving average is up at 5,802.97, still 109 points away.
If markets see another down day Friday, both indices risk closing the week below their 100-hour moving averages, which would mark a technical shift in favor of sellers heading into next week.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us major indices fall for the second consecutive day was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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