Off the Charts
The market in correction: How far will it go? Selling pressure remained constant throughout the day as concerns of eurozone borrowing costs increased. The S&P 500 closed the day down 1.71%, the Nasdaq down 1.83%, and the Dow down 1.65%.
The S&P drifted lower for most of the morning as it traded below the prior day's low and toward the 50-day moving average. After hitting the 50-day moving average, selling intensified as leading stocks reversed off of highs and turned negative....935 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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