Fortinet, Boeing Gap Lower After Earnings as S&P 500 Trails 50-Day Line
NEW YORK – November 04, 2026 -- Fortinet shares opened 26.5% below their prior close on Oct. 29 after third-quarter results, leaving an unfilled price gap between $139.44 and $173.02, while the S&P 500 closed Tuesday at 7,568.92, below its 50-day average of 7,692.74 for a third straight session.
Indexes hold above 200-day lines but lag short-term trend
The S&P 500 rose 0.36% on Tuesday and sits about 3.5% under its 52-week intraday high of 7,844.52 set Oct. 6. Monday's close of 7,541.40 was its lowest since July 31. Its 200-day average stands at 7,315.89.
The Nasdaq Composite gained 0.83% to 25,372.01, nearly 1,170 points below its 50-day average of 26,541.66 and about 1.2% above its 200-day average of 25,073.21. The Dow Jones Industrial Average slipped 0.38% to 51,786.72, its third close beneath a 50-day average of 52,152.95. The Russell 2000 added 0.23% to 2,812.45, about six points above its 200-day average of 2,806.49.