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Sept. 21, 2020, 2:48 p.m. EDT

Dow heads for first close below 50-day moving average in 5 months

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By Tomi Kilgore

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.35% is tumbling 851 points, or 3.1%, and is on track to close below its widely followed 50-day moving average (50-DMA) for the first time since April 24. The 50-DMA, which many on Wall Street view as a way to track the intermediate-term trend, currently extends to about 27,487, according to FactSet. Many see a close below the 50-DMA as a sign to swing from bullish to at least neutral, and maybe even bearish. If the Dow were to close below that line, it would join both the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.28% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.22% . The Nasdaq first closed below its 50-DMA on Sept. 8, and is headed for the sixth close below it in 10 sessions. The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.22% is headed for just the second close below its 50-DMA, after first closing below it on Friday.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
28,210.82
-97.97 -0.35%
Volume: 301.11M
Oct. 21, 2020 5:09p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,484.69
-31.80 -0.28%
Volume: 3.14M
Oct. 21, 2020 5:16p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,435.56
-7.56 -0.22%
Volume: 2.07B
Oct. 21, 2020 5:09p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,435.56
-7.56 -0.22%
Volume: 2.07B
Oct. 21, 2020 5:09p
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