Market News

August 31, 2012  Fri 1:35 AM CT

U.S. equity indexes closed lower Thursday as the S&P 500 retreated from long-term resistance and investors prepared for the Federal Reserve's Jackson Hole economic summit.

The S&P 500 SPX ended lower by 11.01 points or 0.78 percent to close under the 1400 metric at 1399.48. It's been drifting lower since hitting a four-year high near 1427 earlier in the month.

The Nasdaq 100 also succumbed to weakness in Apple, falling by 30.26 points, or 1.09, percent to 2743.74.

The Russell 2000 shed 9.20 points to 808.64 but remained above over support of 808.

S&P 500

Resistance is now 1400, followed by 1403.80, 1408.33 and 1410.08.
Support is now 1398, followed by 1397.01, 1395, and 1390.

Nasdaq 100

Resistance becomes 2760.14, followed by 2766, then 2775, and 2777.79.
Support is now 2750, followed by 2744.25, 2540 and 2737.

Russell 2000

Resistance is now 809, followed by 810, 811.76 and 812.50.
Support is now 808, followed by 807.66 then 805.33 and 801.

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