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Nasdaq shows signs of technical breakdown, crashes below 200-day moving average as selling accelerates

MarketWatch
Nasdaq shows signs of technical breakdown, crashes below 200-day moving average as selling accelerates

The Nasdaq Composite Index COMP, -4.08% on Wednesday showed signs of a technical breakdown late in the session, as the index associated with the technology and internet sector crumbled below a long-term trend line. The Nasdaq COMP, -4.08% fell below its 200-day moving average at 7,499.14, with a fall