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All Eyes on S&P 500 Key Technical Level as Futures Sink: Chart

Published 2018-10-10, 10:46 p/m
© Bloomberg. A trader looks over computer monitors as he works in the Cboe Volatility Index (VIX) pit on the floor of the Cboe Global Markets, Inc. exchange in Chicago, Illinois, U.S., on Wednesday, Feb. 14, 2018. Signs of an inflation pickup have roiled financial markets this month, and stock futures tumbled early Wednesday on concern the Fed would quicken its pace of tightening following data that showed faster-than-forecast inflation. Those fears receded as investors digested a separate report showing weak retail sales that raised questions about the economys strength. Photographer: Daniel Acker/Bloomberg
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(Bloomberg) -- The sell-off that sent the S&P 500 Index to its biggest plunge since February is likely to worsen. Futures on the gauge sank as much as 1.1 percent to 2,750.25 in early trading Thursday, a level that is lower than the S&P 500’s 200-day moving average. The benchmark index last dipped below the technical level in May, before staging a rebound that took it to a record last month.

© Bloomberg. A trader looks over computer monitors as he works in the Cboe Volatility Index (VIX) pit on the floor of the Cboe Global Markets, Inc. exchange in Chicago, Illinois, U.S., on Wednesday, Feb. 14, 2018. Signs of an inflation pickup have roiled financial markets this month, and stock futures tumbled early Wednesday on concern the Fed would quicken its pace of tightening following data that showed faster-than-forecast inflation. Those fears receded as investors digested a separate report showing weak retail sales that raised questions about the economys strength. Photographer: Daniel Acker/Bloomberg

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