Market Extra: The S&P 500 is flashing a warning that U.S. stocks are likely headed lower after breaking below its 50-day moving average

by | Aug 16, 2023 | Stock Market

The S&P 500 on Tuesday closed below its 50-day moving average for the first time since March. It could portend more losses for the index, technical analysts said, suggesting that the summertime stock-market selloff isn’t over yet. After trending lower all session, the index SPX closed down 51.86 points, or 1.2%, to 4,437.86 on Tuesday, its lowest closing level since July 11, according to FactSet data. It…

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