W3Schools

The Tell: The stock-market rout just drove the S&P 500, Dow below a key level

After weeks of virtual dormancy, a bona fide stock-market selloff took hold on Wall Street.

Both the S&P 500 index SPX, -2.45% and the Dow Jones Industrial Average DJIA, -2.13% plunged below their 50-day moving averages, precipitated by a rout in equities and government bonds on intensifying fears that the Federal Reserve could finally pull the trigger on raising rates after a nearly 10-month hiatus.

Read: Jeff Gundlach’s Fed-tightening talk set stage for a stock, bond-market rout

Stocks have benefited from lower borrowing costs and have jolted lower because of the potential that the Fed’s easy-money punch bowl might be emptied.

>>> Original Source <<<

Comentários