S&P down -0.23%. GE down -13% over the last 2-days.The US major stock indices are trading lower, but each of the indices are closing off their lows and nearer the highs.
Owners of GE stock wish they could say the same thing. The conglomerate is down another -5.89% today. The two day decline is -13% and the year to date is down some -43%. Ouch.
For the major indices today:
- The S&P is down -5.97 points or -0.23% at 2578.87. The high reached 2579.66. The low reached 2566.56
- The Nasdaq index fell -19.724 points or -0.29% at 6737.87. The high reached 6743.62. The low extended down to 6709.27. At the lows the index did fall below its 100 hour MA, but momentum faded and the price rebounded (see blue line in the chart below).
- The Dow closed at 23409, down -30.23 points or -0.13%. The high reached 23414.08. The low extended to 23271.57.