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Dow on verge of closing below 50-day moving average for first time in over 3 months after Fed decision

Dow on verge of closing below 50-day moving average for first time in over 3 months after Fed decision

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U.S. stocks were headed solidly lower Wednesday afternoon as the market appeared not to take a June policy statement and economic outlook as not supporting further buying in equities (or bonds for that matter). The decline put the Dow Jones Industrial Average on track to close below its 50-day moving average for the first time since March 3, according to Dow Jones Market Data.

...read full article on Market Watch

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