Stocks recover all losses into the afternoon trading, but then stumble and fall | Forexlive

The broader stock indices (S&P and Nasdaq) moved lower in the morning trading, and then rallied into the early afternoon trading.

• The Nasdaq went from down -156.17 points to +26.79 points.
• The S&P moved as high as +16.05 points.

However, momentum faded in all the major indices in the last hour or so of trading, the prices stumbled and fell – closing near the lows for the day.

All three indices fell with the Nasdaq still leading the way lower. The Dow the best performer but still closed lower at/near the lows for the day.

The final numbers are showing:

• Dow industrial average, -210.70 points or -0.62% at 33537.15. That is just off the low for the day at 33533.96
• S&P -35.40 points or -0.89% at 3957.52. That also was just off the low at 3956.40. The high for the day reached 4008.97 but could not sustain momentum above the 4000 level
• Nasdaq fell -127.10 points or -1.12% at 11196.23. The Nasdaq was lower earlier in the session (first hour of trading), but after rallying and testing the highs from Friday, buyers turned back to sellers.
• Russell 2000 fell -21.48 points or -1.14% at 1861.25.

Overall, a disappointing day for the stocks. The buyers almost dug the indices out of the hole, but sellers were waiting and the price reversed lower.