This article has been updated to reflect the correct date when the Dow Industrials last fell below its long-term average. The Dow Jones Industrial Average...
This article has been updated to reflect the correct date when the Dow Industrials last fell below its long-term average.
The Dow Jones Industrial Average DJIA, -1.14% finished down 388 points on Tuesday, below its 200-day moving average, which could signal a reversal of an upward trend for the index. The Dow last fell below the long-term average on May 25. U.S. stocks closed sharply lower on Tuesday, as long-term Treasury yields reached their highest levels in a dozen years or more. The S&P 500 SPX, -1.47% ended down 1.5% and the Nasdaq Composite COMP, -1.57% fell 1.6%.
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