Investors aren’t bailing on the stock market, despite an ugly selloff in technology names this week that helped to saddle the S&P 500 with its worst weekly showing in months.
The S&P 500
SPX lost almost 2% even as the majority of the index’s stocks actually advanced on the week. Seventy percent of stocks in the index posted weekly gains while 30% fell, according to Dow Jones Market Data. That helped the equal-weighted version of the index XX:SP500EW cement a second-straight week in the green. When the dust had settled, the S&P 500 had cemented its worst weekly showing since June, Dow Jones Market Data showed.