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Major US stock indices close that session lows with the broader indices having their worst trading day since the end of 2022.
The late day selling has pushed the NASDAQ index below its 38.2% retracement of its last trend move higher from the May 21 low:
The Dow industrial average fell -1.29% just last week. Today it stumbled by -1.25%.
A look at the final numbers shows:
From its most recent high, the NASDAQ has fallen -7.20%.
For the Magnificent 7, from most recent highs to low prices today, five of the seven have fallen over 10% with Tesla down -20.77% from its most recent highs.
This article was written by Greg Michalowski at www.forexlive.com.
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