Stock Market Analysis
It was a difficult week for the stock market. The large capitalization S&P 500 fell 1.2% and smaller issues such as the Russell 2000 declined almost 0.8%. On average, more stocks declined than advanced. Overall, financial and technology stocks had the most difficulties with both sectors down 2.5% or more.
There were a few bright spots. Utilities, acting as a bond proxy, gained 2.6%. Further, volume for the market was heaviest on Friday when stocks advanced.