S&P 500, Nasdaq 100 Trackers SPY And QQQ Below 200-Day Average As Tariff Concerns Continue To Trouble Markets

The exchange-traded funds tracking the S&P 500 index fell again, whereas the one tracking the Nasdaq 100 continues to remain below its 200-day average as President Donald Trump's tariff announcements continue to make headlines. What Happened: The technical analysis of SPDR S&P 500 ETF Trust SPY and Invesco QQQ Trust, Series 1 QQQ shows that both were trading below their long-term average amid ongoing market volatility. SPY According to Benzinga Pro, SPY's price was below its 20, 50, and 200-day simple movin ...