The Dow Jones Industrial Average on Thursday was trading at sessions lows in late-morning action, with only one of its components trading in the green, despite market consensus that first-quarter earnings have thus far been solid. The Dow was down about 380 points, or 1.6%, at 23,549, threatening to end lower for a fifth straight day, with the move taking it decisively below its 200-day moving average at 23,750.30, according to FactSet data. Of the 30 Dow components, only Procter & Gamble Co. were trading in the green, up 0.4%. A slide in shares of Goldman Sachs Group Inc. and Caterpillar Inc. were producing the stiffest headwind for the price-weighted blue-chip gauge. The S&P 500 index , meanwhile, was off 1.5% at 2,595, also retreating below its 200-day MA at 2,614.93, driven lower by financials, energy and consumer-discretionary stocks. The technology-heavy Nasdaq Composite Index was off 1.6% at 6,991, above its long-term average at 6,647.56. Market technicians follow moving averages to help gauge bullish and bearish sentiment in an asset.