Ibd: Stocks Plunge Every Minute Dow Breaks 50-Day; Nasdaq's Worst Twenty-Four Hours Since Brexit

From Investor's Business Daily:

Stocks sold off difficult into the unopen every bit the Dow Jones industrial average joined the other fundamental marketplace put indexes past times giving upward its 50-day moving average.

The S&P 500 sank 3.3%, extending its losing streak for a 5th instantly session as well as nearing a exam of its 200-day line. It was its tertiary worst single-day percent drib this year. The wide sell-off took downwards all xxx Dow components, every bit the blueish fleck index stumbled 3.1%. The Dow closed below its 50-day work for the get-go fourth dimension since July 6.

Only i blueish fleck had held a make heading into the finally hour: Home Depot (HD). But with the sell-off ramping upward into the close, Home Depot finished with a 0.6% loss. Microsoft (MSFT), Boeing (BA) as well as Nike (NKE) were with stocks tumbling 4% or more.

Apple (AAPL) also sank to a greater extent than than 4% for its get-go unopen below the 50-day work since July 3. But its stock nautical chart looks ameliorate than some other big-cap techs, relatively speaking. Apple could all the same detect back upward at the work as well as phase a rebound, or it could shape a novel base of operations every bit it continues to merchandise betwixt 215 as well as 234....MORE