US major indices close lower. The Nasdaq gives back the gains from yesterday

The major US stock indices closed lower on the day with the Nasdaq stocks leading the way lower. For that index, it nearly gave back all its 219 point gain from yesterday (it fell -214 points today). The Dow and the S&P also closed in the red (and the Russell 2000 as well).

The final numbers are showing:

• Dow fell -96.71 points or -0.29% at 33794.65
• S&P fell -23.03 points or -0.53% at 4363.50
• Nasdaq NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term fell -214.06 points or -1.56% at 13517.95
• Russell 2000 fell -26.46 points or -1.29% at 2032.41

Both the S&P and Nasdaq found sellers against their respective 200 hour MAs at their session highs today - keeping the sellers in control.

Below is the chart of the S&P. The green line stalled the rally with the price closing below the 100 hour MA (blue line) at 4368.94 as well. Bearish.

It would take a move above each to increase the bullish bias going forward.