The Nasdaq index had the best shot to close higher on the day. The index was up going into the last hour of trading but gave up their modest gains into the close, and is closing fractionally lower (really unchanged).
The final numbers are showing:
- Dow industrial average fell -154.04 points or -0.47% at 32909.60
- S&P fell -9.28 points or -0.22% at 4128.72
- Nasdaq fell -0.26 points (call it unchanged) at 12381.31.
- Russell 2000 did eke out a small gain of 3.3998 points or +0.18% at 1919.14
The Nasdaq index is approaching the 200 hour MA at 12339.01. The low today reached 12352.03. That MA will be a key bias defining level for the market. The price gapped below the higher 100 hour MA yesterday. That MA is currently at 12764.88 (blue line in the chart above).
The Nasdaq is approaching the 200 hour MA
The S&P index had 7 of 11 sectors moving lower today. The gainers including:
- Energy, +3.62%
- Materials, +0.98%
- Consumer Discretionary, +0.32%
- Industrials, +0.18%
The losers were led by:
- Real Estate, -1.45%
- Health, -1.39%
- Communication Services, -0.72%
- Consumer Staples, -0.45%
Looking at the Dow 30, the winners are:
- Chevron, +3.21%
- Caterpillar, +2.85%
- Dow, +2.21%
- Boeing, +0.68%
The losers today:
- P&G -1.94%
- Home Depot, -1.77%
- United Health -1.61%
- Verizon, -1.56%
