was off just about 100 points, sliding under the key 3,300 level. Tech was among the worst hit of the major sectors, down 3.4%. Communications services fell 3.5%. That sector includes Facebook and Alphabet.
"Downside momentum seems to be building here. People just want out," said Chris Rupkey, chief financial economist at MUFG Union Bank. Rupkey points out that the sell-off is happening as Big Tech CEOs like Twitter's Jack Dorsey testify before Congress but traders did not tie the decline in Nasdaq to that hearing.
The 200-day moving average is based on an average of the last 200 closing values, and it is often seen as a sign of support.
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If D Trump wins the election there will be time to work out the problems with the economy!!! Are the Wall Street 'Barons' trying to dump Trump!!!
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Stocks have their worst day in a month as virus cases surgeU.S. stocks fell sharply Monday as a troubling increase in coronavirus counts put investors in a selling mood. The best day of my life was when I found Jesus. He drew me to Him and gave me peace in my soul. He has faithfully watched over me as the world has tried to hurt me continually. Grace is an amazing thing.
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