The Dow Jones Industrial Average (DJIA 13,113.38) finished today's dismal session on a loss of nearly 250 points although, at least our economic data this morning provided a concrete reason for the wild volatility. (And no, it's not because investors heard that Fashion Week is featuring floor-length hemlines all over the runway, though this BloggingStocks entry makes for some interesting reading nonetheless.) A completely unexpected decline in payrolls for the week got our broad-market indices off to a negative start, and the selling pressure compounded as the day went on. The Dow saw its streak of 6 consecutive closes atop its 10-day and 20-day moving averages screech to a halt, though it's still gapped above its 10-month moving average.
Overall, the New York Stock Exchange saw 2,555 stocks decline over the course of the session, while a brave 751 others were able to march higher. The advance/decline ratio for the Big Board comes in at 0.29 for the day. The Nasdaq fared even worse at 0.27, as 2,316 decliners easily outpaced the 633 advancing issues.
Checking in on our other indices, the S&P 500 Index (SPX) lost an even 25 points to settle at 1,453.55. The SPX finished today's session a hair's breadth below its 20-day moving average. Meanwhile, the Nasdaq Composite (COMP) gave back 48.6 points to end at 2,565.7, resting between its 10-day and 20-day moving averages.