Technology stocks dragged US equity markets lower for a third straight session - Dow down -245-points or -0.88% The broader S&P500 lost -1.12% to 3,319.47, closing below its 50-day moving average (3,343.42) since 23 April. All eleven primary sectors closed in the red, with eight sectors logging falls of greater than >1% including Information Technology (down -1.66%). The technology centric NASDAQ fell -1.07%. Apple Inc fell -3.2% and is down -17.2% in September. Tesla Inc rose +4.4% ahead of their “Battery Day” event on Tuesday night AEST (22 September). Friday night’s (18 September) session marked quadruple witching’, the simultaneous expiry of market index futures, market index options, stock options and stock futures, and brought a spike in volume (with 14.31B shares trading on US exchanges, the highest since the reconstitution of the FTSE Russell indices in June).
