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World View: S&P 500 ended below its 200 DMA for the first time since mid-2016

Updated : April 03, 2018 08:54 AM IST

The US market ended in the red but the Dow recovered nearly 300 points from the low point of the day. S&P 500 ended below its 200 day moving average (DMA) for the first time since mid-2016, while the NASDAQ now has turned negative for 2018.

The Facebook, Apple, Amazon, Netflix and Google parent Alphabet (FAANG) stocks got a sharp knock in yesterday’s trading session, all of them were down in trade between 2% and 5%.
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