- Stocks ended with broad losses, driven by a selloff in the retail sector following disappointing earnings from big department stores such as Nordstrom and J.C. Penney.
- The day capped the stock market's worst week since August, as the S&P 500 fell 3.6% for the week to end below its 100-day MA of 2,034; also, the Dow shed 3.7% and the Nasdaq tumbled 4.3%.
- The consumer discretionary sector fell 2.6% as the day's worst performer, followed by a 2% drop in technology.
- Energy was also among the decliners, falling 0.4% and 5.5% for the week, as WTI crude oil continued its recent slide, tumbling 2.6% to $40.68/bbl; for the week, WTI lost 8.2%.
- Today's trading volume was relatively strong, as ~925M shares changed hands at the NYSE floor.
- U.S. Treasury prices advanced throughout the day, ending near their highs with the 10-year yield falling 4 bps to 2.28%.