S&P 500 Sell-Off Intensifies as Key Support Level Tested

The S&P 500 extended its decline during Tuesday’s session, closing at session lows and signaling a potential breakdown from its recent trading pattern. After opening near Friday’s close at 6,734.1 points, the benchmark index displayed initial volatility before trending consistently lower throughout the day. Despite futures indicating a modest 0.3% pre-market gain, the index quickly surrendered those tentative advances, ultimately settling at 6,647 points – the day’s lowest level.

Tuesday’s downward move in the S&P 500 mirrored losses across other major US indices. The Dow Jones Industrial Average dropped 1.2%, while the Nasdaq Composite declined 0.8%. The Russell 2000 small-cap index experienced the most severe pressure, plunging 2%. Concurrently, the US Dollar Read more...