$GE is being largely blamed for the downside movement today in the equities market as it was hit with a negative ratings outlook. The stock itself lost about 8% with greater than average volume today. The major indices all closed lower with the Dow losing nearly 2.5% followed by the S&P 500 with a 2%
Small Gains, Light Volume
Small gains were made today across the board as volume was extremely light, even for half a day. Friday isn’t expected to be a “normal” trading day either so perhaps the best thing would be to take a breather and start back up on Monday. Weekly jobless claims came in a bit hotter than expected