Quick Recap of Tuesday’s Session:
Stocks finished significantly lower on Tuesday in a volatile session of trading. Major indices started the day modestly lower following the IMF cutting global growth forecasts which included citing added concern over European deficit targets. Stocks would fall hard and early as the selling algorithms took over, driving the Nasdaq below its 50-day moving average. While there were no headlines or major storylines intraday, growth concerns were the main issue dampening sentiment. Stocks finished at their worst levels, and the Nasdaq experienced its lowest close since August 30.
S&P 500 -0.99%, NASDAQ -1.52%, DJIA -0.81%, Midcaps -1.02%.
Looking Ahead to Wednesday:
S&P 500 - Intraday
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S&P 500 - Last 12 Months