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Dow closes below its 50-day moving average after 5,000-point drop

The index last closed under its 50-day moving average on April 10, following a correction that reached a low with a roughly 5,000-point decline.

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The Dow Jones Industrial Average closed below its 50-day moving average for the last time on April 10, a technical level that had marked the transition out of a prior correction phase, according to MarketWatch.

MarketWatch said the correction included a drop of about 5,000 points at its low point, with April 10 marking the end of that correction period as the index moved beneath the 50-day line.

Latest closeDow Jones 52,766.88 ▼0.8%

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