Stocks at the lows for the day and on pace for the worst month this year

<p>US stocks are trading at new session lows and in the process on pace for the worst month for the year for the broader indices.</p><ul><li>The S&amp;P index is now down 69 points or -0.59% at 4269. For the month the index is down -5.3%. That's the largest decline since December when the index fell -5.9%</li><li>NASDAQ indexes down -227.01 points or -0.72% at 13043.50. For the trading month the index is down -7.06%, the largest decline since falling -8.73% in December of last year</li><li>Dow industrial average is trading down -114.2-1.22% at 33592.33. For the month it's index is down -3.25%. The index fell -3.49% in May and by -4.19% in February of this year.</li></ul><p>Some of the big cap stocks today are getting hit hard":</p><ul><li>Alphabet shares are down -2.13%</li><li>Microsoft shares are down -2.2%</li><li>Apple shares are down -2.4%</li><li>Oracle shares a down -3.24%</li><li>Amazon shares are down -4.41%</li></ul><p>Looking at the S&amp;P index, it is now running away from the 38.2% retracement of the move up from the March low. That level comes in a 4302.15. The 50% midpoint and the rising 200-day moving average come in at 4207.97 and 4194.57 respectively. Those levels represent the next major targets for that index.</p>

This article was written by Greg Michalowski at www.forexlive.com.