Stocks Lose Again, Every 2D Nasdaq Sinks To 50-Day Line

From Investor's Business Daily:

United States of America of America stock indexes stumbled Monday, equally the Nasdaq led the manner downwards for the tertiary session inwards a row.
The Nasdaq composite dropped 1.4%, spell the S&P 500 as well as the Dow Jones industrial average each brutal 0.6%. Small caps held upward slightly amend alongside the S&P 600 dipping 0.5%.

Volume was lower on both major exchanges, according to preliminary data.

The Nasdaq closed mildly beneath its 50-day moving average, an expanse where the index volition move testing support. H5N1 bounce off the trouble would move bullish. H5N1 slicing nether would move bearish.
The S&P 500 has a modest cushion inwards a higher house the 50-day line, simply is testing previous resistance at the 2,800 cost level.

FANG Stocks, Apple All Fall
All 4 FANG stocks were down. Facebook (FB) sank 2%. Amazon.com (AMZN) also lost 2%. Netflix (NFLX) skidded well-nigh 6%. Alphabet (GOOGL) dumped 1.8%. Apple (AAPL), which to a greater extent than or less visit deserving a house inwards the same leadership group, trimmed 0.5%.

Apple reports financial Q2 results afterwards the unopen on Tuesday. Please read this recent Stock Market Today column for details on the outlook for Apple stock.

Among IBD's 197 manufacture groups, software as well as estimator stocks took the day's hardest hits. Office supplies as well as stone oil stocks advanced.

Earlier at IBD:

Netflix And This Sector Lead Sell-Off As These eight Growth Stocks Trigger Sell Signal 

Nasdaq, S&P 500 Face This Key Test As Stock Market Extends Losses