US stocks closed slightly higher on Friday as traders assessed more corporate earnings results, but all three major indices finished the week in negative territory.
The Nasdaq lost 0.3% for the week, and the Dow dipped 0.2% to snap a four-week winning streak. The S&P 500 ticked down less than 0.1% for the week. According to FactSet, more than 75% of S&P 500 companies that have reported so far have exceeded analysts' earnings expectations. Mega-cap tech like Alphabet and Amazon are on deck for next week's quarterly results.
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Retail traders are dumping tech stocks, but loading up on this one big bankRetail traders pivoted away from big tech names in favor of financials. I wouldn’t touch a bank for 1 dollar 😂😂
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