REFILE-US STOCKS-Wall St falls as jobless claims, Cisco weigh
The S&P 500 fell below its 50-day moving average of 1,088, a key technical support. A break below technical levels could exacerbate a sell-off.
Technicians also are watching to see if the SOX breaks its 324 support level.
“This would be very negative for the U.S. broad market and would suggest that a much bigger decline is coming,” John J. Kosar, director of research at Asbury Research LLC in Chicago, said in a note.
All Contents © Copyright 2005-2017 Asbury Research LLC. The contents of all material available on this Internet site are copyrighted by Asbury Research LLC. unless otherwise indicated. All rights are reserved by Asbury Research LLC., and content may not be reproduced, downloaded, disseminated, published, or transferred in any form or by any means, except with the prior written permission of Asbury Research LLC., or as indicated below. Members of Asbury Research LLC. may download or print web pages for personal or academic use, consistent with their user agreement. However, no part of such content may be otherwise or subsequently reproduced, downloaded, disseminated, published, or transferred, in any form or by any means, except with the prior written permission of and with express attribution to Asbury Research LLC. Copyright infringement is a violation of federal law subject to criminal and civil penalties.
