Thu Oct 12 2017 saw stocks pullback thanks to AT&T Stock which ended the day down 6.1 percent thanks to its loss of subscribers in the last quarter. That dragged down major competitors like Comcast as well as companies like Disney. Both JP Morgan Chase and Citigroup announced excellent earnings but both companies also announced they had set aside more money for credit card lending losses in the third quarter than in prior quarters. This concerned investors about the current state of consumer credit and they sold both companies lower. That dragged down the entire financial sector.
Here is the outlook for the S&P and NASDAQ indexes for Friday Oct 13 2017 as viewed by the advance decline numbers from the close of trading on Thu Oct 12 2017.
....The market breadth indicator analysis and outlook is for FullyInformed Members.
Advance Decline Numbers Outlook For Oct 13 2017
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