Closing out a busy week, U.S. stocks declined from record highs during Friday’s trading session with the S&P 500 and Nasdaq reversing to losses for the day, which analysts attributed to profit-taking in the information technology sector.
Many investors are waiting for economic growth to accelerate.
“Expect the worst, you’ll never be disappointed.” –Sarah Dessen
Stocks ended the day lower as investors appeared to pause before several events scheduled to occur later this week.
Stocks ended the day and the week higher.
Stocks ended lower, weighed by financial and energy shares.
Stocks began their holiday-shortened week in the red, with weakness in the financials and energy sectors. The S&P 500 Index and the Nasdaq broke a seven-session winning streak.
John Manley, Chief Equity Strategist with Wells Fargo Asset Management, joins us to take stock of the equity markets.
“…there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know…it is the latter category that tend to be the difficult ones.” –United States Secretary of Defense Donald Rumsfeld