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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.
This article was originally published by Forexlive.com. Read the original article here.