US stocks close at session lows. Nasdaq gets hammered.

<p>US stocks are closing the session at the lows with the Nasdaq index leading the way. </p><p>The final numbers are showing:</p><ul><li>Dow industrial average -286.91 points or -0.86% at 33127.27</li><li>S&amp;P index -53.84 points or -1.26% at 4224.15</li><li>NASDAQ index is down -202.38 points or -1.53% at 12983.80</li></ul><p>For the trading week, the NASDAQ fell over 3%. </p><ul><li>Dow industrial average fell -1.61%</li><li>S&amp;P index fell -2.39%</li><li>NASDAQ index -3.16%</li></ul><p>Helping to pressure the stocks into the close, is the S&amp;P's technical break and close below its 200-day moving average at 4233.13. It was the 1st close below that moving average since March 22.</p><p>Concerns about interest rates, the Middle East, Washington stagnation all contributed to anxiety in the US stock market. Next week a slew of earnings will be released including 4 of the so-called Magnificent 7 – Microsoft, Alphabet, Meta and Amazon. In addition, there are a number of other large cap names scheduled to announce their earnings (<a href="https://www.forexlive.com/news/stocks-are-lower-for-the-week-but-earnings-will-refocus-traders-attention-next-week-20231020/" target="_blank" rel="follow">see the schedule here</a>).</p>

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