All major U.S. Indexes ended down 3% or more for the week, led by a pullback in Financials, an unexpected dip in April retail sales, and downbeat jobs data, ending the NASDAQ's 9th-consecutive week rally.
- On Wednesday, the S&P retreated into negative territory for the year, after trading to the upside since May 4
- The S&P, Dow and NASDAQ Composite had their worst weekly percent loss since March 6
- Only 29% of the companies in the NASDAQ 100 are negative YTD
- Since the markets' March 9th lows, the Dow is up 26.3%, the NASDAQ is up 32%, and the S&P is up 30.5%