Major US stock indices close lower for the 2nd consecutive day

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Major US stock indices close lower for the 2nd consecutive day

<p>The major US stock indices are ending the day lower for the 2nd consecutive day. The Dow led the move to the downside with a decline of -1.15%. </p><p>Looking at the final numbers:</p><ul><li>Dow industrial average fell -346.93 points or -1.15% at 29926.95. The index is back below the 30,000 level. It remains just above its 200 week moving average at 29795.73</li><li>S&P index fell -38.76 points at -1.02% at 3744.53</li><li>NASDAQ index fell -75.32 points at -0.68% at 11073.32. It closed back below its 200 week moving average at 11131.69.</li><li>Russell 2000 fell -10.18 points or -0.58% at 1752.51</li></ul><p>The equity markets are set up for either a big move higher tomorrow were big move lower with both the Dow industrial average and the NASDAQ index trading near their 200 week moving averages. A weaker number - were weakish number - should be viewed or favorably. Conversely a strong a number would not be good for the US equity markets.</p>

                This article was written by Greg Michalowski at forexlive.com.

Source: Major US stock indices close lower for the 2nd consecutive day

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