The declines in the major indices were symmetrically worse going from the Dow, to the S&P to the Nasdaq. Rounding, the Dow fell -1.00%, the S&P fell -1.50%, and the Nasdaq fell by -2.00%.
All three indices also closed below its 200 day MA this week.
- The Dow 200 day MA is at 46562. The index closed at 45577.47
- The S&P 200 day MA is at 6621.73. The index closed at 6506.48
- The Nasdaq 200 day MA is at 22248.94. The index closed at 21647.61
For the trading week:
- Dow fell -2.11%
- S&P fell -1.90%
- Nasdaq fell -2.07%
Super Micro Computer tumbled on the back of charges from the Justice Department of smuggling Nvidia chips to China. From the gainers oil is higher by 2.8% and so are oil stocks led by Occidental, Exxon .