Wall Street is showing confidence by buying the stock market dip, with the Dow turning positive and up 40 points, or 0.1%, by the end of Friday’s session. Earlier in the day, the Dow was down over 400 points. The S&P 500 was down just 0.1%, while the Nasdaq Composite cut its slide to 0.5%.
Despite the market dip, a majority of S&P 500 stocks were on the rise. The Invesco S&P 500 Equal Weight ETF, which treats every S&P 500 stock equally, was up 0.7%, showing resilience in the market.
Read more at Dow Jones & Company: The Dow Turns Positive. Wall Street Buys the Stock Market’s Dip.
