And the stocks are off. Open with declines.
Retraces most of declines from yesterday
The US stocks are off and away and we are seeing red.
The snapshot is showing:
- The S&P is down -19 points or -0.68% at 2856.50
- The Nasdaq is down -64 points or -0.81% at 7833
- The Dow is down -160 or -0.62 % at 25704
Those levels are a little better than the pre-market calls from the futures. Are the dip buyers back in?
Techincally, the Nasdaq 50 day MA is at 7868.91 today. The price is below that level on the opening.
For the S&P, its 50 day MA is at 2868.49. The price for that index is also below that level.
A move above those MAs will help to ease some of the downward pressure today.