S&P closes below 200 day MA for the 2nd day in a row

<p>The Dow industrial average and S&amp;P index could not hold onto gains and are closing the day lower. </p><p>The S&amp;P index is closing below its 200 day moving average for the 2nd consecutive day. The 200-day moving average comes in at 4235.17. The index is closing at 4215.00.</p><p>Intraday, the price did rebound back above that moving average level reaching a high at 4255.84, but the end-of-day selling pushed the price back into negative territory and below that key moving average level.</p><p>Meanwhile, the NASDAQ index held onto a gain at the close, snapping its 4-day losing streak. However, the index gave up a 159.42 point rise at session highs to close up by only 34 points on the day.</p><p>A snapshot of the closing levels shows:</p><ul><li>Dow industrial average fell -190.89 points or -0.58% at 32936.40</li><li>S&amp;P index fell -7.12 points or -0.17% at 4217.03</li><li>NASDAQ index rose 34.51 or 0.27% at 13018.32</li></ul><p>Tomorrow earnings start to pick up steam with Microsoft and Alphabet both reporting after the close (* denotes before the open):</p><ul><li>Coca-Cola*</li><li>Verizon*</li><li>GE*</li><li>3M*</li><li>GM*</li><li>Microsoft</li><li>Alphabet</li><li>Visa</li><li>Texas Instruments</li></ul><p>Later this week, other large cap stocks who report include: </p><p>Wednesday:</p><ul><li>Boeing*</li><li>T-Mobile*</li><li>Hilton*</li><li>General Dynamics*</li><li>Meta</li><li>IBM</li><li>ServiceNow</li></ul><p>Thursday:</p><ul><li>Altria*</li><li>Southwest*</li><li>Northrup Grumman*</li><li>Merck*</li><li>Amazon</li><li>Intel</li><li>Ford</li><li>Chipotle</li></ul><p>Friday:</p><ul><li>Exxon Mobil*</li><li>Chevron*</li><li>Phillips 66*</li><li>Colgate-Palmolive*</li></ul>

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