S&P 500 Drops Below 50-Day Moving Average

The S&P 500 fell backmost beneath its 50-day moving mean connected Thursday arsenic weakness successful stocks dispersed beyond the tech sector.

The marketplace benchmark was down 1% to 6816.03. If it finishes beneath 6881.638, it volition adjacent beneath its 50-day moving mean for the archetypal clip since Jan. 20, according to Dow Jones Market Data.

The scale is the astir its been beneath its 50-day moving mean since Nov. 21, erstwhile it fell 108 points beneath its 50-day moving average.