Markets Reverse Friday After Steady Week

Good Evening:

Markets had a relatively strong week, given what we’ve been seeing, with a sour ending. This S&P 500 actually got above 4,000 today briefly but retreated into the close. Snap reported earnings after the bell Thursday and had a significant miss. Several downgrades followed. The company was down nearly 40% into the close. The action in Friday’s market suggested investors are worried Snap’s weakness foretells weakness for other companies who butter their bread with digit...

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