The S&P 500 sliced through key support of its five-year uptrend line that we illustrated in yesterday’sWagner Daily, triggering major downward momentum throughout the rest of the day. The benchmark S&P 500 suffered a 2.9% decline, the Dow Jones Industrial Average shed 2.5%, and the Nasdaq Composite fell 2.0%. The small-cap Russell 2000 and S&P Midcap 400 indices lost 2.8% and 2.9% respectively. As with many days this month, stocks closed at their worst levels of the session.<[...]
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[Source: The Money Blogs]
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