The Dow closed down 0.8% on Tuesday at 52,766.88 points, falling below its 50-day moving average for the first time in five months.
The Dow closed below its critical 50-day moving average (at 52849.85 points on the day) on Tuesday, the first time in nearly five months. Market analysts warn that this is typically seen as a precursor to a short-term trend reversal from uptrend to downtrend, potentially triggering technical selling. Meanwhile, both the S&P 500 and Nasdaq Composite also declined, barely holding above their respective 50-day moving averages by less than 1%. This downturn was influenced by multiple factors, including escalating tensions in the Middle East pushing up oil prices, persistent inflation, and the expanding US national debt, which drove the 10-year Treasury yield to 4.809%. Adam Turnquist of LPL Financial warned that it could retest the 5% mark, which is particularly unfavorable for interest-rate-sensitive technology sectors.
Source:华尔街见闻 · Source Link
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