Major stock indices end the session with oversized losses

Technical Analysis

No big retracements today…

The major stock indices are all ending with oversized losses on concerns about a global trade war. There was limited recovery in the indices today (unlike last week).   The Nasdaq is having it’s worst day in 2019. Tech sector is down 3%.  Dow industrial average fell over 700 points at the lows.  

The final numbers are showing:

  • S&P index -69.53 points or -2.41% at 2811.87.
  • Nasdaq index -269.91 points or -3.41% at 7647.02
  • Dow -617.38 points or -2.38% at 25324.95

I think one word can describe the decline….BARF.

Ironically, ringing the closing bell at the NYSE today (although it is marked as the NASDAQ in the picture above) was a company “brf”…..some may call it “BARF”.

Their business?

The worlds largest poutry exporter.   

HMMM….That seems to be appropriate for the day…Or did someone photoshop CNBC?

ForexLive

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