Market Turmoil: Blue Owl Capital and Major ETFs Plunge Below 200-Day Moving Average
August 2, 2024
Shares of Blue Owl Capital Inc Class A (OWL) fell below their 200-day moving average of $16.58, trading as low as $16.23, and are currently down approximately 4.2% for the day.
Overall, the stock market has seen significant declines, with Blue Owl Capital's stock down approximately 8.4% for the day.
On Friday, shares of the First Trust Consumer Discretionary AlphaDEX Fund ETF (FXD) fell below their 200-day moving average of $58.22, reaching a low of $57.58, and are currently down approximately 3.2% for the day.
Similarly, shares of the First Trust Dow Jones Internet Index Fund ETF (FDN) fell below their 200-day moving average of $191.28, trading as low as $186.43, with a current decline of approximately 4.7%.
The First Trust Technology AlphaDEX Fund ETF (FXL) also experienced a drop, falling below its 200-day moving average of $128.86.
In addition, the iShares MSCI South Korea ETF (EWY) fell below its 200-day moving average of $63.54, trading as low as $63.48, and is currently down approximately 2.6%.
The iShares MSCI EAFE Growth ETF (EFG) also fell below its 200-day moving average of $98.36, reaching a low of $98.19 per share.
Borr Drilling Ltd's stock is currently down approximately 7% for the day after falling below its 200-day moving average of $6.38.
Greenbrier Companies Inc's stock has seen a decline of approximately 7.4% for the day, trading as low as $46.25.
BNK Invest Inc. operates several financial news websites, including DividendChannel and ETFChannel, providing investment services and information to investors globally.
The article includes links to additional resources, highlighting top dividend opportunities and identifying other dividend stocks that have recently crossed below their 200-day moving average.
Summary based on 24 sources
Get a daily email with more Financial Markets stories
Sources

Nasdaq • Aug 1, 2024
Notable Two Hundred Day Moving Average Cross - AME
Nasdaq • Aug 1, 2024
VOYA Crosses Below Key Moving Average Level
Nasdaq • Aug 2, 2024
RS Makes Notable Cross Below Critical Moving Average