An American flag hangs behind traders working on the floor of the New York Stock Exchange (NYSE) on October 11, 2019 in New York City.
The last Dow "death cross" happened in March 2022.
  • The Dow Jones Industrial Average just saw a "death cross" that's regarded as a bearish signal.
  • The formation involves a short-term moving average falling below a longer-term one.
  • The last time a death cross struck was in March 2022. The Dow then fell 12% over a six-month period.

US stocks are on track for their best month since June, amid expectations the Federal Reserve may have reached the end of its interest-rate increases at a time when the economy remains resilient and inflation has moderated.