S&P 500 Just Broke A Line That Last Time Triggered A 20% Crash - State Street SPDR S&P 500 ETF Trust (ARCA:SPY), Vanguard S&P 500 ETF (ARCA:VOO)
Benzinga·2026-03-09 21:14
Wall Street flashed a fresh technical warning Monday as the S&P 500 slipped below a key trend level, even as crude oil endured one of its most violent intraday drops since the pandemic-era crash.The benchmark index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) , closed below its 100-day moving average for the second consecutive session.The last comparable breakdown occurred on Feb. 27, 2025. Over the following weeks the S&P 500 dropped almost 20% ― nearing the threshold of a so-called “bear market.”A Fa ...