S&P 500 Closes a Sliver Above Its 200-day Moving Average

The S&P 500 managed to stay above its 200-day moving average, barely, despite suffering its longest losing streak in 36 years. The index hit an intraday low of 2,083.79, before closing at 2,085.18, which was 0.1% above the closely-watched moving average line, which many chart watchers view as a dividing line between longer-term uptrends and downtrends. In comparison, the Dow Jones Industrial Average closed (17,888.28) 0.7% above its 200-day MA (17,767.88), the Nasdaq Composite Index closed (5,046.37) 2.1% above its 200-day MA (4,941.06) and the Russell 2000 Index closed (1,163.44) 1.1% above its 200-day MA (1,150.39). Meanwhile, the NYSE Composite Index closed below its 200-day MA for a third-straight session.