S&P down -1.54%. Nasdaq down -1.94%

The US major stock indices are ending the day with sharp losses and at the lows of the days.

  • The S&P index is ending the day down -38.09 points or -1.54% to 2430.01. The high reached 2465.02. The close is the low.

Looking at the daily chart below, the index took out the low from last week and also fell below the 50 day MA at 2450.07. The 100 day MA has not been breached since November 2017. It is at 2416.46.

  • The Nasdaq is closing at 6221.91 down -123.19 or -1.94%. The high reached 6334.23. The low is the close

Technically, it fell below the 50 day MA at 6272.89. The low last week reached 6214.40. The 100 day MA comes in at 6157.428. Like the S&P, the price has not traded below the 100 day MA since November.

  • The Dow closed down -274.14 at the session lows. The high reached 21984.74. The index fell by -1.24% on the day.

The Dow and the S&P had the 2nd worst trading day of the year.