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S&P 500 sinks below 50-day moving average, raising possibility of first close below that trend line since June

·1 min read
S&P 500 sinks below 50-day moving average, raising possibility of first close below that trend line since June
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The broad-market S&P 500 index late-morning Friday was trading below its short-term moving average, which would put the benchmark on pace to end below that trend line for the first time since around mid June. The S 500 index , at last check, was down 0.8% on Friday at 4,436 and had hit a low of 4,435.54, with its 50-day moving average at 4,436.67, FactSet data show. Many technicial analysts see the 50-day MA as a guide to the short- to intermediate-term trend, so a close below the line could por

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