US stocks fell on
Thursday and the S&P 500 closed below a key technical level after
disappointing forecasts from eBay and other companies, casting doubt on the
market’s recent strength.
The S&P 500 ended below its 50-day moving average of
1,543.04 for the first time this year, giving more weight to views that the
market’s recent rally is losing momentum, particularly after two days of sharp
declines earlier this week.
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