While Friday’s session delivered a nice little breather from all the selling, the Nasdaq Composite COMP, +0.08% and S&P 500 SPX, +0.37% still closed with their worst weekly decline of the year. The Dow Jones Industrial Average DJIA, +0.44% posted its worst week since March.Yet, despite some pretty wicked pullbacks over the past few sessions, volatility is still historically VIX, +17.21% low and sentiment indicators are showing that investors remain unfazed.
In other words, everybody’s getting a bit too optimistic out there — although, one look at the futures market, and that could be changing. Overseas, Europe stocks SXXP, -0.56% are feeling the pressure and Asia markets ADOW, -0.73% closed in the red. The buzz Uber UBER, -7.62% shares will be watched closely eyed this week by traders looking to wade into the next crop of IPOs. The stock had a rough ride after the ride-share group priced its initial public offering at the low end of an expected range. The first trade was executed for $42 at 11:50 a.m. in New York. Uber had priced its IPO at $45 the day before. The stock ended Friday below its opening level and is drifting lower premarket.
Sadly, he looks not one thread better
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Source: CNBC - 🏆 12. / 72 Read more »