Another down day for US stocks

The major US stock indices have another down day. The S&P and NASDAQ indices are now down for four consecutive days. A snapshot of the closing levels shows:

• Dow Industrial Average down -45.66 points or -0.12% at 37753.32
• S&P index down -29.18 points or -0.58% at 5022.22
• NASDAQ index down -181.88 points or -1.15% at 15683.37

The small-cap Russell 2000 also fell with a decline of -19.52 or -0.99% at 1947.94.

With the calendar moving through the midpoint of the trading week, the major indices are on pace for another weekly decline. Both the Dow and S&P are working on their third week to the downside. The NASDAQ index is now down for four consecutive weeks. For the current week:

• Dow Industrial Average is down -0.61%
• S&P index is down -1.97%
• NASDAQ index is down -3.04%

The small-cap Russell 2000 is down -2.757% the

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