Small-capitalization stocks are set to fall further Friday, despite early indications of gains for large-cap stocks, after the Russell 2000 small-cap tracker closed the previous session below its 200-day moving average for the first time in 14 months. The 200-day moving average is viewed by many technicians as a dividing line between longer-term uptrends and downtrends. The iShares Russell 2000 ETF slipped 0.13% in premarket trade, putting it on track to open at the lowest level seen during regular session hours since May 31. Meanwhile, the SPDR S&P 500 ETF rose 0.09% ahead of the open and the PowerShares QQQ ETF , which tracks the technology-heavy Nasdaq 100 , tacked on 0.38%. The S&P 500 closed Thursday 3.6% above its 200-day moving average (MA) and the Nasdaq 100 ended 7.7% above its 200-day MA.
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