Stocks finished the day down slightly, with the S&P 500 posting a three-day losing streak, as a brief rebound in tech stocks failed to float markets back to the green.
Snap in particular got a much needed boost, gaining more than 9% after Barclays said the stock was at a "turning point" and could reach $18.Still, CCredit Suisse says the brief tech lull could be a great time to buy the sector.
Here’s the scoreboard:
- S&P 500
- Dow
- Nasdaq
- Oil
- 10-year treasury bond:
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In other news…
- blew past another record high
- as JPMorgan touted its potential as an 'emerging asset class'
- not going to start selling prescription drugs after all
- Bank of America
- thinks its stock is cheap. And
- to show you that it's serious, the firm plans to buy back more of its own shares.