Major indices close lower for the 2nd consecutive day

Technical Analysis

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NASDAQ leads the way lower 

The major indices close lower for the 2nd consecutive day. The NASDAQ index was the weakest

of the majors today.

Some highlights:

  • S&P and NASDAQ index is trading lesson 3% from the all-time high
  • Stocks have their first 2 day losing streak since September 18
  • The Dow industrial average turned back for 2020
  • UnitedHealth care was the biggest drag on the Dow
  • Russell 2000 of small-cap stocks fell by -0.93%

The final numbers are showing:

  • The S&P index fell -23.32 points or -0.66% to 3488.61. The high price reached 3527.94. The low price extended to 3480.55
  • The NASDAQ index fell -95.166 points or -0.80% to 11768.73. It’s high price reached 11939.91. The low price extended to 11714.35
  • The Dow industrial average closed down -165.83 points or -0.58% to 28513.98. The high price reached 28792.56. The low extended to 28461.73. 

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