Stocks weaken within a little more than a hour to go in the day

Technical Analysis

Author: Greg Michalowski | nasdaq

Nasdaq down -1.50%. S&P down over -0.8%

US broad indices are skidding a little to the downside with a little over an hour left in the day.

  • The Nasdaq is down -120 points or -1.54% at 7696. That is well off the highs at 7747. The low from earlier in the day reached 7678.348
  • The S&P is down -23.71 points or -0.83% at 2835.88.Its high was up at 2853.86, while the low reached 2832.09 (earlier in the day). 
Big loser on the day

  • Qualcomm.  The stock is a supplier to Huawei. It is down -6.58%
  • Broadcom, -6.08%
  • Alibaba, -5.44%
  • Tencent -4.90%
  • Micron, -4.22%
  • Tesla, -3.83%
  • Apple, -3.58%
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