The Stock Market Is Plunging: Here's How Far the Dow Jones, S&P 500, and Nasdaq Can Drop, According to a Historically Flawless Indicator

The past few weeks have served as a good reminder that the stock market wouldn't be a "market" unless equities were able to move in both directions. While uptrends have handily outlasted downdrafts spanning more than a century, it's the emotion-driven moves lower that tend to garner all the attention.On Monday, March 10, all three of Wall Street's major stock indexes struggled mightily. The ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and innovation-powered Nasdaq Composite (NASDAQINDEX: ^IXIC) respectively lost 890, 156, and 728 points. This represented the Nasdaq's third-largest daily point loss in its storied history, and marked the S&P 500's ninth-biggest single-session point decline.These moves lower are even more dramatic when compared to their recent all-time closing highs. As of the closing bell on March 10, the Dow Jones and S&P 500 were 6.9% and 8.6% below their respective closing peaks, while the Nasdaq Composite was firmly in correction territory, with a loss of 13.4%. Nearly the entirety of the Nasdaq's decline has occurred in a 13-session stretch.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool