The Friday Wrap
1) Small Caps ruled as the Russell 2000 closed unchanged. The S&P 500, and DJIA both gave up half of one percent, while the Nasdaq Comp. surrendered a third of a percent. Trading volume was extremely heavy on quadruple witch expiration day.
2) Utilities, Financials, and Energy names took the brunt of the selling, as you might expect with Oil getting a beat down, and Treasuries enjoying a very positive day.
3) Health Care, buoyed by the Providers, and Consumer Staples, supported by Food Products were the day’s out-performers.
4) Gold, quite notably held it’s ground today, after yesterday’s run.