NEW YORK (TheStreet) --The U.S. stock market saw some intense selling early on Thursday.
The DJIA was down nearly 180 points at the open before recovering at the end of the day. The DJIA lost 70.54 points to finish at 16915 while the S&P 500 was down 8.15 to close at 1964.68. The Nasdaq was lower by 22.83 and the Russell 2000 was down 11.95 at 1161.86.
Since last Thursday, the Russell 2000 has lost 3.86%. The Russell is now in "Trend Bearish" territory again, according to my algorithm process. That is a three-month or longer time frame.
The Nasdaq is down 2% from last Thursday followed by the S&P down 1% and the DJIA down 0.89%.
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