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SP500<\/a> retreats despite the encouraging PCE Price Index report, which showed that PCE Price Index increased from 3.4% in July to 3.5% in August. Traders feared that PCE Price Index, which is Fed\u2019s preferred measure of inflation, will exceed analyst estimates. The PCE Price Index report provided some support to stocks at the beginning of the trading session. However, stocks have quickly lost momentum and moved towards the recent lows. It\u2019s the last day of the quarter, and traders stay bearish.<\/p>\n The nearest support level for SP500 is located in the 4260 \u2013 4280 range. In case SP500 moves below the 4260 level, it will head towards the support at 4175 \u2013 4200.<\/p>\n<\/div>\n<\/div>\n NASDAQ<\/a> has also moved away from session highs as traders used the temporary rebound as an opportunity to reduce their long positions ahead of the weekend.<\/p>\n RSI remains in the moderate territory, so there is plenty of room to gain downside momentum in case the right catalysts emerge. If NASDAQ moves below the support at 14,560 \u2013 14,680, it will head towards the next support level at 14,150 \u2013 14,250.<\/p>\n Dow Jones<\/a> declined amid a broad pullback in the equity markets. The strong performance of Nike stock, which is up by 7% after the release of the earnings report, did not provide enough support to Dow Jones.<\/p>\n From the technical point of view, Dow Jones continues its attempts to settle below the support at 33,600. In case Dow Jones stays below this level, it will move towards the next support at 33,000 \u2013 33,100.<\/p>\n For a look at all of today\u2019s economic events, check out our economic calendar<\/a>.<\/p>\n<\/div>\n<\/div>\nDow Jones<\/h2>\n