Stocks barely budged from Thursday's close as better-than-expected economic data was offset by heavy pressure on the biotech sector, as well as overall fatigue after the Dow Jones Industrials and S&P 500 set three new intra-day highs this week. Despite being ripe for profit-taking, equities barely moved off their opening highs, instead trending sideways before drifting slightly lower into the close. Tech stocks outperformed thanks to another record high in Apple ( AAPL ), followed by gains in the retail sector after October sales data showed that consumers are spending less on gas but more at the mall.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
