US stocks return to session lows. The NASDAQ is actually trading at 15,615. The low price reached 15,595.74. At current levels, the price is down -0.43%.
Nasdaq heads towards key support targets
With the price lower, it is approaching a key technical support level defined by the 50% midpoint of the 2024 trading range. This level stands at 15508.22. Near this level is the rising 100-day moving average at 15,478.89. The price is not below its 100-day moving average since November 10, 2023.
This area should be difficult to resolve in a test.
The S&P index is currently down -0.20%. For the training week
For the trading week, the NASDAQ Index is on track for its worst week since September 18, 2023. It is currently down -3.42%. The S&P index is down -2.19%, its worst week since October 23, 2023.
The Dow Jones is the best performer, but it is still down -0.67% over the week
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