No inclination to sell in front of holiday weekend
Little has changed from a news or price action perspective. The S&P 500 remains down by 0.2%.More stocks are down than up in both the Nasdaq and NYSE, but there has been no inclination to sell this market. Naturally, there is some skittishness heading into the three-day weekend, but investors aren't rushing to lock in weekly profits. The S&P 500 is up 2.7% this week. Overseas, the major European indices closed mixed and little changed, also preserving weekly gains. Germany's DAX increased 0.1%, UK's FTSE decreased 0.4%, and France's CAC finished flat. The Europe Stoxx 600 was unchanged.