NASDAQ index has its worst trading day since November 2, 2022

Major US stock indices close that session lows with the broader indices having their worst trading day since the end of 2022.

• NASDAQ index has its worst day since November 2 2022. The NASDAQ is closing down -3.64%
• S&P index has its worst day since December 15, 2022. The S&P is closing down -2.32%

The late day selling has pushed the NASDAQ index below its 38.2% retracement of its last trend move higher from the May 21 low:

The Dow industrial average fell -1.29% just last week. Today it stumbled by -1.25%.

A look at the final numbers shows:

• Dow Industrial Average average fell -504.22 points or -1.25% at 39853.86. The close is back below the 40,000 level.
• S&P index fell -128.63 points or -2.32% at 5427.12
• NASDAQ index fell -654.94 points or -3.64% at 17342.41.

From its most recent high, the NASDAQ has fallen -7.20%.

For the Magnificent 7, from most recent highs to low prices today, five of the seven have fallen over 10% with Tesla down -20.77% from its most recent highs.

• Meta Platforms is down -15.5% from its high
• Amazon is down -10.3% from its high
• Nvidia is down -19.41% from its high
• Apple is down -8.18% from its high
• Alphabet is down -10.39% from its high
• Microsoft is down -8.70% from its high
• Tesla is down -20.77% from its high

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