Thursday, 13 June 2013

US stocks fell on Wednesday, with the Dow sliding more than 100 points on another volatile day as traders extended a selloff driven by concern about central banks winding down their stimulus measures.

 The S&P 500 was caught between support near its 50-day moving average at 1,610.55 and resistance at its 14-day moving average at 1,637.27. The S&P 500 has closed below its 50-day moving average only once this year - in mid-April.

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