It was an ugly day for stocks but if you told me before the CPI data that it would be hot and that stocks would trade flat on Thursday-Friday, I’d say that’s constructive. It sure doesn’t feel that way though.
- S&P 500 down 86 points to 3583 or 2.4%
- Nasdaq Comp -3.1%
- Russell 2000 -2.6%
- DJIA -1.3%
If there’s any kind of consolidation, JPM managed to gain 1.8% on good earnings on a rough tape.
On the week:
- S&P 500 -1.25%
- Nasdaq Comp -2.8%
- Russell 2000 -1.1%
