24 Jan 2014
Wall Street tumbles for second day and confirms key levels rejection
FXstreet.com (San Francisco) - The US stocks market declined hard for second day on Friday and it closed the week at 1-month lows amid global sell-off on earnings and overseaes growth concern.
The Dow and S&P seems to have confirmed the rejection of key levels at 16,500 for the DJIA and 1,850 in the S&P, both indexes closed below its 50-day MA.
The Dow Jones collapsed 318.24 points or 1.96% to close the session at 15,879.11. The DJIA lost 557.94 points or 3.39% in the week. The S&P 500 declined 38.17 pts or 2.09% on Friday to finish at 1,790.29; 2.83% negative in the week.
The Nasdaq fell 90.70 points or 2.15% in the day to finish at 4,128.17; the Composite lost 1.11% in the week.
The Dow and S&P seems to have confirmed the rejection of key levels at 16,500 for the DJIA and 1,850 in the S&P, both indexes closed below its 50-day MA.
The Dow Jones collapsed 318.24 points or 1.96% to close the session at 15,879.11. The DJIA lost 557.94 points or 3.39% in the week. The S&P 500 declined 38.17 pts or 2.09% on Friday to finish at 1,790.29; 2.83% negative in the week.
The Nasdaq fell 90.70 points or 2.15% in the day to finish at 4,128.17; the Composite lost 1.11% in the week.