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Nov. 26, 2021, 10:47 a.m. EST

Dow's Black Friday plunge puts blue-chip stock gauge at risk of closing below 50-day moving average

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By Mark Decambre

U.S. stocks were facing their worst Black Friday trade in recent memory and the decline was putting the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.02% at risk of closing below its 50-day moving average for the first time since mid October, as markets wrestle with reports of a new coronavirus variant.The Dow was down 826 points, or 2.3%, to trade at 34,969, which is below its 50-day MA at 35,261.93. Scientists say the coronavirus strain has a high number of mutations that may make it more transmissible and allow it to evade some of the immune responses triggered by previous infection or vaccination. Meanwhile, the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.54% , and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.40% were both trading sharply lower but holding above their short-term MAs. Moving averages are used by technical analysts to gauge short-term and long-term momentum in an asset.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,160.78
-7.31 -0.02%
Volume: 527.78M
Jan. 27, 2022 5:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,326.51
-23.42 -0.54%
Volume: 3.04B
Jan. 27, 2022 5:00p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,352.78
-189.34 -1.40%
Volume: 4.36M
Jan. 27, 2022 5:16p
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