Technical Levels Buckle as Stock Sell-Off Pushes to Sixth Day
- S&P 500 falls below 200 day average for first time since May
- Nasdaq 100 hadn’t fallen below its 200 dma since early 2016
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Bulls and bears waged battle at a key technical level as U.S. stocks remained mired in the longest sell-off of Donald Trump’s presidency.
The S&P 500 tumbled in late-morning trading after coughing up early advances, with the selling taking the equity index through a level that has provided support during three prior periods of selling this year.