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Aug. 16, 2021, 10:40 a.m. EDT

Panic-like selling signs emerge in NYSE trading Monday as Dow, S&P 500 on track to snap 4-session win streak

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By Mark Decambre

Trading in New York Stock Exchange-listed stocks on Monday were exhibiting panic-like-selling behavior as stocks faced some selling pressure attributed to the spread of the delta variant of COVID-19 and a slowdown in China's economy. The NYSE Arms Index, a volume weighted breadth measure that tracks the ratio of advancing stock to declining stocks over the ratio of advancing volume over declining volume, was showing a reading of 2.414 for NYSE-listed shares. Many technicians say a rise to at least 2.000 suggests panic-like selling behavior. The reading comes as the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.34% was off 0.5% at 35,258; the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.18% was off 0.6% at 4,437. The Dow and S&P 500 have ended higher in the past four sessions in succession. Meanwhile, the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.83% was trading 1.1% lower at 14,964, on track to halt a 2-session string of gains.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,022.04
-461.68 -1.34%
Volume: 498.38M
Dec. 1, 2021 5:04p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,513.04
-53.96 -1.18%
Volume: 3.04B
Dec. 1, 2021 5:04p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
15,254.05
-283.64 -1.83%
Volume: 5.47M
Dec. 1, 2021 5:16p
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