FX & CFD trading involves significant risk
Stocks continue to descend deeper into negative territory. The slide has taken both the S&P 500 and the Nasdaq Composite below their 50-day moving averages to new two-week lows. The Dow is also at an April low, but it has yet to come in contact with its 50-day moving average.
Although weakness is widespread, participants continue to make the most concerted push against energy stocks, which are now down 3.3%. There isn't a single stock in the sector that has managed to put together any kind of a gain.
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