Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTJoseph AdinolfiThu, June 25, 2026 at 11:33 PM GMT+2 3 min readThe S&P 500 is on the verge of closing below its 50-day moving average on Thursday. - AFP via Getty ImagesThe S&P 500 on Thursday finished right on the cusp of a critical support line that, if broken, could portend more losses for stocks in the coming days and weeks.As of Thursday's close, the index SPX was hovering less than one point above its 50-day moving average, according to Dow Jones Market Data. The Nasdaq Composite COMP broke below its 50-day average earlier this week. On Thursday, both the Nasdaq and the S&P 500 tallied their fourth straight days in the red. The Nasdaq-100 NDX, which is even more heavily exposed to megacap companies, also was on the cusp of breaking below the trendline.Most Read from MarketWatchMicron's stock is still dirt cheap. Some analysts say that's about to change.'We are habitually frugal': My wife and I have money. How do we help our children without ruining their independence?