Broad Market Selloff Sends S&P 500 Below Its 50 Day Moving Average

Key Takeaways

• All Eleven Sectors of S&P Down Tuesday
• Target Weaker Than Expected Sales And Lowered Outlook
• Viewing Habits Favor Streamers

Broad market indices were down on Tuesday with the S&P 500 shedding 1.2% and Nasdaq Composite off just over 1%. All eleven sectors of the S&P were lower on the day with financial stocks leading the way. Despite the losses, the S&P remains up 15% for the year while the Nasdaq is up 30%.