The Traderszone Network

Published in TZ Latest News 13 October, 2014 by The TZ Newswire Staff

Market Sell-Off Intensfies; S&P 500 Breaks Support Levels

Stocks tried for a comeback, but big selling in the last hour sealed a third straight loss Monday. The S&P 500 tumbled 1.6%, breaking its 200-day moving average, which it had been above since November 2012. It also breached support at the 1900 level. Energy, which makes up about 10% of the benchmark index, was one of the day’s worst-performing groups. The Nasdaq slumped 1.5%.

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