Stocks Fade Early Gains; Embraer, Quanta Services, TXRH In Focus | Stock Market Today

The Nasdaq composite and S&P 500 extended their losing streaks to five sessions after early gains faded. The Nasdaq held up relatively well despite an earnings sell-off for Taiwan Semiconductor. The 10-year Treasury yield added 5 basis points to around 4.64%. Embraer and Quanta Services are pulling back in constructive fashion, while Texas Roadhouse is setting up in a new base.
Stock Market Today: April 18, 2024
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[@anandrao3651]

The Nasdaq 50 day moving average sloped downward today (50 day moving average of today lower than the 50 day moving average of yesterday); the last time this happened was on September 19, 2023 and the Nasdaq subsequently declined 7.91% between that date’s closing price and the ultimate closing low of the Nasdaq on October 26, 2023