US stock sellers pile on. Down a bunch after the day of mourning yesterday

Technical Analysis

Author: Greg Michalowski | sp

Volatile opening

The opening is volatile but down after the day off as a result of the Bush funeral yesterday.

The current snapshot shows:
  • S&P index -37.81 points or -1.42% at 2661.70. The early trading low reached 2648.04
  • NASDAQ composite index -104 points or -1.44% at 7056. The low reached 7001.5.
  • Dow industrial average -391 points or -1.56% at 24640. The low reached 24527
The good news if any, is the indices are bouncing off lower levels in volatile trading. 

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