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Source: Common Domain

Here’s what the Dow coming close to a ‘death cross’ really means for stocks

Saturday 01:32 GMT

The Death Cross is a technical market pattern that occurs whenever the Dow Jones Industrial Average’s 50-day moving average drops below the 200-day moving average.

Except over the past five decades, the Dow DJIA, -0.32%  in the wake of Death Crosses has held up quite well on average. Accordingly, the stock market’s dramatic reversal on Thursday from its earlier low should not have come as a surprise.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte