The stock market continues to melt away with the NASDAQ index now down over 600 points or 2.58%. The low price of just reached 22798.31. That took the price below its 50 day moving average at 22809.83.
The NASDAQ index traded below the 50 day moving average on Friday, but could not sustain momentum. The last time the price closed below the 50 day moving average is back on April 30.
The S&P index is down -1.69% and approaches its 50 day moving average at 6699.11. The Dow industrial average is down 655 points or -1.36%.
- Meta -0.90%
- Nvidia -4.82% at $184.42. The price is dipping below its 50 day moving average at $184.48.
- Broadcom -5.38%
- Alphabet -3.04%
- Palantir -6.68%
- Tesla -7.46%
Some other losers:
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SoFi Technologies: -12.12%
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Robinhood Markets: -9.48%
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Super Micro Computer: -9.17%
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Nebius NV: -8.87%
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Corning: -7.76%
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Walt Disney: -7.60%
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Shopify: -7.38%
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Arm: -6.44%
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Strategy (MicroStrategy): -6.42%
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Moderna: -6.03%
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Block: -6.07%
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Western Digital: -5.84%
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Intel: -5.79%
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Trump Media & Tech Group: -5.68%
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Micron: -5.44%
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ARK Innovation: -5.41%
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Snowflake: -5.37%
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Lam Research: -5.22%
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Dell Technologies: -5.14%
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iShares Global Clean Energy: -5.07
By the way, Bitcoin is now down over $3000 or -3.09% and back below the 100 K level at $98,527. Risk off.
Gold is also lower by $37 -0.89% at $4157.
This article was written by Greg Michalowski at investinglive.com.