S&P 500 and Dow log losing weeks; some stocks near support
S&P 500 fell 0.1% for the week for a second straight weekly decline, while the Dow Jones Industrial Average declined 1.7% over the same period.
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S&P 500 fell 0.1% for the week for a second straight weekly decline, while the Dow Jones Industrial Average declined 1.7% over the same period.
Valuation issues are often ignored when stocks go parabolic on a daily basis. But now that markets have gotten choppy and the chip momentum trade has broken down, value is once again on investors’ radar as winners and losers begin to emerge. So it’s a good time to take profits. That’s always easier said than done, as n