Major US stock indices close lower for the 2nd consecutive day

The major US stock indices are ending the day lower for the 2nd consecutive day. The Dow led the move to the downside with a decline of -1.15%.

Looking at the final numbers:

• Dow industrial average fell -346.93 points or -1.15% at 29926.95. The index is back below the 30,000 level. It remains just above its 200 week moving average at 29795.73
• S&P index fell -38.76 points at -1.02% at 3744.53
• NASDAQ index fell -75.32 points at -0.68% at 11073.32. It closed back below its 200 week moving average at 11131.69.
• Russell 2000 fell -10.18 points or -0.58% at 1752.51

The equity markets are set up for either a big move higher tomorrow were big move lower with both the Dow industrial average and the NASDAQ index trading near their 200 week moving averages. A weaker number – were weakish number - should be viewed or favorably. Conversely a strong a number would not be good for the US equity markets.