Nasdaq Composite Lower On Barcelona Crash. Nasdaq stocks hit session lows after reports that a van crashed into dozens of people in centre of Barcelona, killing at least 13 people, according to local Media.
Barcelona Van Crash:
A white van jumped the Sidewalk, Thursday in Barcelona. Injuring several people as it plowed into a crowd of Tourists and Residents, Police Said. The EI paper said police were treating the crash as a Terror attack.
Trump Policy Worries:
The departure of Business Executives from President Trump’s Advisory Councils on Wednesday fueled speculation of on exodus of other officials such as Cary Cohn. After Trump blamed counter – protesters as well white nationalists for clashes last weekend .
Nasdaq Composite Index Analysis:
Nasdaq Composite index sells of as Washington worries rise and Barcelona terror attack. The Nasdaq Composite index dropped 123.19 points, or 1.94% to 6221.91. Nasdaq Advance -Decline Ratio is at 13:5. Airline and Semiconductor stocks were among the day’s worst performers. Alibaba up 3% for the day and Cisco systems down 4% in Stock market Today.
The support for the Nasdaq Composite index is placed at 6214 . Therefore if support broken on the down side the Nasdaq index may fall more . As Nasdaq Composite index is below weekly open weekly close on Friday maybe even lower.