The Nasdaq Index fell below the 50-day moving average for the first time since late October

The Nasdaq composite index fell on Tuesday morning, and the decline in the technology index caused the index to break below the 50-day moving average for the first time in four months. Nasdaq COMP,
-1.53​​%
After a 2.5% drop on Monday, the stock finally fell 2.2%, which eventually brought the technical heavyweight index near 13,233, below its 50-day moving average, which technical analysts use as a measure of short-term momentum. According to FactSet data, the assets are 1

3,240,68. Dow Jones market data shows that since October 28, the index has never fallen below that level. Market observers tend to view moving averages as the dividing line between bullish and bearish momentum for assets. At the same time, as government bond yields rose, the broader market fell, forcing investors to evaluate their investments in technology stocks deemed to be of high value. S&P 500 Index SPX,
-0.56%
Fell 1% to 3,837, while the Dow Jones Industrial Average
-0.30%
It fell 0.6% to 31,341 on Tuesday.