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Stock impact report

Nasdaq shows signs of technical breakdown, crashes below 200-day moving average as selling accelerates [MarketWatch]

News Corporation - Class B (NWS) 
US:NASDAQ Investor Relations: investors.newscorp.com/investor-relations
Company Research Source: MarketWatch
Nasdaq shows signs of technical breakdown, crashes below 200-day moving average as selling accelerates The Nasdaq Composite Index COMP, -4.08% on Wednesday showed signs of a technical breakdown late in the session, as the index associated with the technology and internet sector crumbled below a long-term trend line. The Nasdaq COMP, -4.08% fell below its 200-day moving average at 7,499.14, with a fall of 270 points, or 3.5%, to 7,471. The Nasdaq hasn't fallen below its 200-day MA since around July, according to FactSet data. Meanwhile, the Dow Jones Industrial Average DJIA, -3.15% was off 750 points, or 2.8%, at 25,686, on track for its worst session since Feb. 8, while the S&P 500 index SPX, -3.29% tumbled 2.9% at 2,797. The S&P 500 and the Dow also were on track for the worst day since February. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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