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Nasdaq skids below 50-day moving average for the first time since late October as yields jump – MarketWatch

The Nasdaq Composite tumbled Tuesday morning, with the slump in the technology-laden index pushing it beneath its 50-day moving average for the first time in…

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The Nasdaq Composite tumbled Tuesday morning, with the slump in the technology-laden index pushing it beneath its 50-day moving average for the first time in about four months. The Nasdaq
COMP,
-1.95%
was trading 2.2% lower, at last check, after a 2.5% skid on Monday, putting the tech-heavy index at around 13,233, below its 50-day moving average, viewed by technical analysts as a gauge of short-term momentum in an asset, at 13,240,68, according to FactSet data. The index hasn’t breached that…

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