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Stocks Drop Below Key Support Level as Trade Angst Grows: Chart

The S&P 500 Index is sinking back below its 100-day moving average.

Richard Richtmyer

(Bloomberg) -- The S&P 500 Index is sinking back below its 100-day moving average after investor unease over a potential trade war with China and continued fallout from Facebook Inc.’s data debacle triggered the latest swoon. The benchmark for U.S. equities has rarely dipped below that line in recent years. It traded at a record high above it just eight weeks ago.

©2018 Bloomberg L.P.

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