The S&P 500 is at a critical crossroads. A break lower could signal more losses
The S&P 500 on Thursday finished right on the cusp of a critical support line that, if broken, could portend more losses for stocks in the coming days and weeks
The S&P 500 on Thursday finished right on the cusp of a critical support line that, if broken, could portend more losses for stocks in the coming days and weeks.
As of Thursday's close, the index SPX was hovering less than one point above its 50-day moving average, according to Dow Jones Market Data. The Nasdaq Composite COMP broke below its 50-day average earlier this week. On Thursday, both the Nasdaq and the S&P 500 tallied their fourth straight days in the red. The Nasdaq-100 NDX, which is even more heavily exposed to megacap companies, also was on the cusp of breaking below the trendline.
Micron's stock is still dirt cheap. Some analysts say that's about to change.
'We are habitually frugal': My wife and I have money. How do we help our children without ruining their independence?
Social Security says I was overpaid for 7 years. I believe it's mistaken. Can they cut my benefits?
Tech stocks just had one of their worst weeks in a year. Here's how AI momentum went off the rails.
For stocks, momentum to the downside has tended to accelerate following previous breaks below the 50-day, Dow Jones Market Data showed. However, investors willing to wait out some short-term volati
Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/p-500-critical-crossroads-break-213300595.html)
Esta información no constituye asesoramiento de inversión. Consulte con un profesional antes de tomar decisiones financieras.