First, the broad market shot to new all-time highs.
Then the trouble started…
Yesterday’s carnage was ominous. After two weeks of churning, stocks fell headfirst down a particularly steep staircase. Just a handful of names escaped without injury.
Here are the stats, courtesy of Bespoke Investment Group:
Just 2 Dow stocks finished the day in positive territory. Only 7 NASDAQ 100 stocks were up. And just 37 S&P 500 stocks squeaked out gains. That’s brutal…
WASHINGTON – The United States economy likely expanded slightly in the fourth quarter, according to data on Friday that suggested a surprise drop in GDP reported by the government last week was overstated.
The U.S. trade deficit narrowed to its lowest point in nearly three years in December on a drop in oil imports and a surge in exports.
Trade data for December paint a reassuring and encouraging picture of the U.S. economy at the end of last year