The major US indices all closed lower as worries about higher rates, higher inflation, slower global growth, recession, you name it.
- S&P and NASDAQ closed lower for the second consecutive day
- S&P closed below its 200 hour moving average at 4420.58
- NASDAQ gapped below its 200 hour moving average up at 13707 and closed near session lows and down over 2%
- NASDAQ is down nearly 6% month to date
- All 11 sectors of the S&P moved lower led by energy (-3.1%), technology (-2.6%), and healthcare (-2.0%)
The final numbers are showing:
- Dow industrial average down -413.04 points or -1.19% at 34308.07
- S&P index down -75.73 points or -1.69% at 4412.54
- NASDAQ index down -299.03 points or -2.18% at 13411.97
- Russell 2000 down -14.23 points or -0.71% at 1980.32
As mentioned, the S&P index fell below its 200 hour moving average for the first time since March 17. That moving average comes in at 4420.58. Stay below it is more negative.
S&P closes below its 100 hour moving average
The 10 year yield is trading up to 2.784% and the highest level since January 14, 2019
US 10 year yield rises to the highest level since early 2019
