The broader US indices are erasing their earlier declines.
The Dow industrial average is now trading up 206 points or 0.40%
The S&P index is up 16.45 points or 0.22%. The NASDAQ index is trading unchanged. At session lows today: Dow industrial average was down -292.02 points S&P index was a down -49.72 points NASDAQ index was down 259.26 point From a technical perspective, the NASDAQ index is still struggling with this 200 hour moving average.
The level comes in at 26,214.88. The high prices today reached 26,238.06 above that level but the price has since dipped back below the key moving average. In contrast, the S&P index moved back above its 200 hour moving average during yesterday’s trade and remains above it at 746A .56.