FYI: This year’s stock market gains have disappeared.
On Friday, both the Dow and S&P 500 closed at levels putting them in red figures for 2018 and just above the level that would constitute correction territory, defined as a 10% drop from recent highs.
To cap the week, tech stocks lagged the broader market once again with the tech-heavy Nasdaq dropped 2%, or 151 points, while the Dow fell 1.2%, or 296 points, and the S&P 500 dropped 1.7%, or 46 points. For the week, each of the S&P 500, Nasdaq, and small-cap Russell 2000 fell more than 3% while the Dow fell just less than 3% in an overall tough week for investors.
n the week ahead, investors will be greeted by another busy schedule with the monthly jobs report and marquee earnings from Apple (AAPL) and Facebook (FB) highlighting the schedule.
Apple’s report after the close on Thursday will be the most closely-watched corporate event of the week, with investors looking for the iPhone maker to report earnings per share of $2.78 on revenue of $61.5 billion. Investors will also be keeping a close eye on the average selling price for iPhones this quarter, a key measure for gauging how much pricing power Apple continues to have with its flagship device.
Regards,
Ted
https://finance.yahoo.com/news/jobs-report-apple-earnings-need-know-week-ahead-153625846.html
