Wall Street falls third day this week on bearish technical signals
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks fell on Thursday for the third day this week after data showed signs of slower growth ahead for the U. S. economy, while bearish technical signals added to doubts about the market’s strength. The S&P 500 broke below its 50-day moving average for the first time this year, suggesting the market’s recent uptrend could be losing momentum, particularly after two days of sharp declines this week. The Nasdaq 100 and the Russell 2000 indexes both have closed below their 50-day averages this week, adding to the overall technical pressure on the . . .
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