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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.
09 Apr 2018, 11:39 AM IST 
A trader points to monitor displaying an S&P 500 Index (SPX) chart on the floor of the New York Stock Exchange (NYSE) in New York, U.S.
(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.
To contact the reporter on this story: Arie Shapira in New York at ashapira3@bloomberg.net.
To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Nancy Moran
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