Quick Recap of Thursday’s Session:
Stocks finished lower on Thursday in a particularly choppy session of trading, snapping the S&P 500's 3-day winning streak. Major indices started the day modestly lower following mostly better than expected data from China but a tick higher in Weekly Jobless Claims here in the US. Sentiment was bolstered early on by better than expected Philly Fed Index and LEIs. The bulls looked to be in complete control in the early afternoon and appeared poised for a breakout. However, an accidental early earnings release from Google (GOOG) hit the wires at 12:30pm EST and disappointed heavily, sending stocks plunging for hours. GOOG was down 9.03% before shares were halted. Stocks rallied in the final hour of trading to finish off of their intraday lows, but still in negative territory. Microsoft (MSFT) reported earnings after the closing bell, delivering disappointing results.
S&P 500 -0.24%, NASDAQ -1.01 %, DJIA -0.06%, Midcaps -0.06%.
Looking Ahead to Friday:
S&P 500 - Intraday
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