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S&P 500 breaks below key level for first time since March as stocks erase summer gains

Por: MarketWatch Politics October 21, 2023

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DOW JONES The index has fallen 6.8% from its July 31 closing high, FactSet data show but remains up 10% year to date. Although a break below the moving average is usually seen as a bearish signal, other indicators suggest that the S&P 500 has fallen into oversold territory which could portend a fresh turn higher beginning as soon as next week, technical analysts said. “From my perspective, this market has gotten to be pretty oversold,” said... + full article



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