The Stock Market Comeback Is Another ‘Failure’ Analysts Grow Worried

Technical analysts are warning that there could be more downside after the fourth quarter got off to a rocky start as recession fears hit stocks.

Stocks opened Wednesday’s trading day in the red, accelerating Tuesday’s sharp losses, when the Dow fell 344 points and the S&P 500 broke below its 50-day moving average — a key technical indicator. That decline came after manufacturing data hit its lowest level in a decade.

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