Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. The S&P dropped 1.1 percent on Friday, its biggest decline since March 25. Since hitting a high of 2,119.59 on Feb. 25, the S&P has held in a range of about 80 points.
For the past few months, U.S. stocks have been stuck in a rut without enough good news to push them higher or bad news to drive them lower. The big picture is that stocks face these four distinct headwinds.
Fidelity Brokerage Services LLC Content marked with this symbol is provided by Fidelity Brokerage Services LLC (“FBS”), an SEC registered broker-dealer and member NYSE, SIPC. FBS makes available a full range of stocks, bonds, and mutual funds to individual and other investors through retirement and non-retirement accounts. FBS services its customers through local investor centers, regional telephone service centers and the internet. FBS is an affiliate of FICS.
Before investing, consider the funds’ investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.