The major averages slipped on Friday as investors took profits amid a flurry of earnings results and a robust profit beat from e-commerce giant Amazon.
The S&P 500 fell 0.7% to 4,181.17, while the Dow Jones Industrial Average shed 185.51 points to close at 33,874.85. The Nasdaq Composite dropped 0.9% to 13,962.68. Despite Friday's weakness in equities, the S&P 500 notched its third straight month of gains in April, adding more than 5% to the index as investors bet on a big economic and profit recovery from the pandemic. The S&P 500 is now up 11% for the year.The Dow rose about 2.7% this month, while the Nasdaq Composite gained 5.4% in April.
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Did we though? Or did we just look at the technicals and figure out the pin...