Nasdaq stocks leading the declines.
Is it Iran? Or Apple? Morgan Stanley also said market is too optimistic on 2019 earnings? What ever the excuse, stocks are trading heavy today.
The S&P index and NASDAQ index moved back to session lows. The S&P index traded to 2971.66 (currently at 2972.81), while the Nasdaq fell to 8078.39 (currently at 8082.44).
Lookng at the Nasdaq index, the price remains above its 50 hour moving average currently at 8048.08. A move below that MA and staying below, would look toward the 100 hour MA at 8008.53 currently (and moviing higher). On Thursday, the index made a new all time high.
Some losers today include:
- Deutsche Bank, -5.66%
- Broadcom, -2.65%
- Apple, -2.12%
- Nvidia, -2.02%
- Alphabets, -1.75%
- Boeing, -1.7%
- Pfizer, -1.68%
