S&P 500 Drops Below 50-Day Moving Average

Core Viewpoint - The S&P 500 index has fallen below its 50-day moving average, indicating a broader weakness in the stock market beyond the technology sector [1] Group 1 - The S&P 500 is down 1% to 6816.03, and if it closes below 6881.638, it will mark the first time since January 20 that it finishes below its 50-day moving average [1] - This decline represents the largest gap below the 50-day moving average since November 21, when the index was 108 points below this average [1]