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S&P 500 Rout Puts Key Technical Support Line Back in Play: Chart

The benchmark gauge has traded around this technical level almost every day for the past two weeks.

Arie Shapira

(Bloomberg) -- The U.S. stock market rout has accelerated in the afternoon session, putting the S&P 500 Index’s 200-day moving average of 2,594 back in play as major support. The benchmark gauge, which is down as much as 2.9 percent on the day, has traded around this technical level almost every day for the past two weeks.

©2018 Bloomberg L.P.

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