Stock Market Today: October 23, 2018
Harvey S. Katz, CFA and John E. Seibert III | 10/23/2018
Earlier today, market action across several indices started with sharply lower trading. Indeed, the Dow Jones Industrial Average lost more than 548.62 points (compared to the previous close), while the S&P 500 index was down by 64.45 points. In addition, the NASDAQ hit correction territory (down 10%) from the all-time high set in August. And, the S&P 500 and NASDAQ closed below their respective 200-day moving averages. In all, the market ended moderately lower.