US stocks close lower. Major indices trade below the 100 day MAs.

The 3 major US stock indices traded below the 100-day moving averages intraday, but for the Dow industrial average and the S&P index, the price closed back above that key technical barometer.

• For the NASDAQ index it closed below its 100-day moving average at 19211.55 for the first time since September 10th.
• The S&P index traded below the 100-day moving average at 5946.04 , but closed just above the moving average level.
• The Dow industrial average also move below its 100 day moving average and today at 43484.22, but was able to snap back higher

The snapshot of the closing levels shows:

• Dow industrial average closed up 159.95 points or 0.37% at 43621.17.
• S&P index closed down -28.0 point surmise 0.47% at 5955.25.
• NASDAQ index closed down -260.54 points or -1.35% at 19026.39.
• Russell 2000 fell -8.18 points or -0.38% at 2170.08. For the Russell 2000 it close below its 200 day moving average for the third consecutive day. That moving average comes in at 2203.04

Shares of Nvidia closed lower for the third consecutive day ahead of its earnings release tomorrow after the close. It’s shares fell $-3.65 or -2.80% at 126.63.

Broadcom continued its slide with a fall of $-5.39 or -2.59% to $202.54. The test its 100-day moving average at $200.01 before bouncing modestly into the close

Meta after 20 days in a row of higher closes has now closed lower for 6 consecutive days.

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