The Week That Wasn't
Plenty of headlines will read "Stocks Close Worst Week of the Year" tonight and throughout the weekend. While accurate, they are more about getting attention than pointing to a troubling week on Wall Street. Unless things really fall apart over the last 90 minutes of trading, the SPDR S&P 500 (SPY) will barely even finish lower on the week. That's not to say there weren't a few bumps, what with energy being hit fairly hard on the week, but the financials are poised to finish flat and technology higher on the week, even if they are lower on the day.
There are still a few things to consider going into the weekend. Apple (AAPL) couldn't stay out of the headlines today, making waves with its "flash crash" to $542.80 on what is being called a bad trade. It's not a bad trade if you were the buyer there! Even if it gets wiped from the books, it was a reminder to traders about a flash possibility. Bad trade or not, it has a psychological impact....239 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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