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Stock Market Today With IBD

Breaches Of Support Get More Serious; Amazon.com, Nutanix, Nucor In Focus

19 min • 7 september 2023

The S&P 500 and Nasdaq saw more serious breaches of their 50-day moving averages, but they’re still holding above the Aug. 29 low of the follow-through day. Amazon.com is showing leadership among the FANG stocks as it bounced from its 50-day line, Nutanix is holding its earnings gap gains, and Nucor is tightening up after a long deep base.

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