Stocks at the lows for the day and on pace for the worst month this year

US stocks are trading at new session lows and in the process on pace for the worst month for the year for the broader indices.

  • The S&P index is now down 69 points or -0.59% at 4269. For the month the index is down -5.3%. That’s the largest decline since December when the index fell -5.9%
  • NASDAQ indexes down -227.01 points or -0.72% at 13043.50. For the trading month the index is down -7.06%, the largest decline since falling -8.73% in December of last year
  • Dow industrial average is trading down -114.2-1.22% at 33592.33. For the month it’s index is down -3.25%. The index fell -3.49% in May and by -4.19% in February of this year.

Some of the big cap stocks today are getting hit hard”:

  • Alphabet shares are down -2.13%
  • Microsoft shares are down -2.2%
  • Apple shares are down -2.4%
  • Oracle shares a down -3.24%
  • Amazon shares are down -4.41%

Looking at the S&P index, it is now running away from the 38.2% retracement of the move up from the March low. That level comes in a 4302.15. The 50% midpoint and the rising 200-day moving average come in at 4207.97 and 4194.57 respectively. Those levels represent the next major targets for that index.

This article was written by Greg Michalowski at Source