US stocks are moving lower with the broader S&P and Nasdaq indexes below the midpoint of their daily trading ranges.
The indicators are still higher on the day, but in a week that has seen sharp moves to the downside, a leak back to the downside is disappointing.
Looking at the Nasdaq, it is still up 144 points or 0.88%, but it was up 272 points at its high and down +58 points. Technically, the price is trading again below the 38.2% level at 17353. This level will serve as a gauge for buyers and sellers.
The S&P 500 rose 89 points, hitting a low of 31.47. It is now up 55 points or 1.07%. Technically, the low this week was capped at 38.2% near 5394.43. This is positive in a negative trading week for the S&P.
The Dow Jones rose 661 points, or 1.67%. The Russell 2000 rose 30 points, or 1.38%.
