The stock market correction characteristic where risk is sold off for "safe stocks" can be seen in the performance of the Nasdaq versus the Dow. The Nasdaq is down almost 3% for the week where the Dow is almost flat!
Heading into month end and quarter end, as well as week end, and you have to think this is a logical spot for buyers to step in and paint the tape!
With one trading session to go this week, the S&P 500 is down 0.9% for the week.
The Nasdaq is down a hefty 2.9% for the week.
The Dow is down a mild 0.2% for the week.
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