Late-Day Selloff Sends Stocks To 5-Month Low; Key Technical Levels Breached – JJ Kinahan

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Yesterday it was FAANGs to the rescue. Today, they didn’t show up to give the market a lift, and stocks fell sharply to new five-month lows in another Wednesday washout.  Selling seemed to accelerate in the last hour, wiping out all of the market’s gains for the year and taking the S&P 500 Index down to just above correction territory. All of the major indices got crushed, with losses ranging from 2% to 4%. Small-caps, large-caps, techs, transports—few escaped the carnage…….

Read more: https://www.forbes.com/sites/jjkinahan/2018/10/24/late-day-selloff-sends-stocks-to-5-month-low-key-technical-levels-breached/#518f1efa1e61

 

 

 

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