S&P 500 Posts Second Day of Losses Despite Signs of War Progress
A US Navy F/A-18E Super Hornet on the flight deck of USS Abraham Lincoln, on March 16.
Source: US NavyUS stocks fell for a second straight day as Israel said it is aiding the US in opening the Strait of Hormuz, providing some hope for investors hungry for signs of progress as the conflict unfolds.
The S&P 500 Index ended Thursday 0.3% lower, falling below its 200-day moving average, a technical line that’s supported the stock market since May. The tech-heavy Nasdaq 100 also closed down 0.3%. Brent crude oil prices dropped to about $108 from highs earlier today. The Cboe Volatility Index hovered around 24.