How important is the 200 day moving average?

Dustin Tibbitts 19.02.2018

A quick look at how the 200 day moving average completely stopped the markets latest meltdown.

Market Update: Dow Falls 165 Points, All Majors Averages Rise for the Week

Stocks were mixed on Friday as market participants digested a busy week of inflation data, more clarity around President Donald Trump's tariff plans, and earnings reports. The Dow Jones Industrial Average lost over 165 points, while the S&P 500 Index settled below the flatline and the tech-heavy Nasdaq Composite climbed over 0.4%.