The market ended a solid week on a soft note. Some speculated that it was due to the Al Queda tape that came out, but I doubt it.
The market had been up every day this week. I think it was just profit taking at quarter-end and ahead of the weekend, combined with some short positioning ahead of what some think will be a pullback next week.
Here are how the indices fared this week:
- S&P 500: +1.6%
- Nasdaq: +1.8%
- Russell 2000: +1.0%
To read the entire Weekly Wrap, click here