Sellers were most aggressive in the financial sector, with some of the biggest pullbacks in some of the biggest banks. A late intraday rally – and continued strength in retail – helped trim the market’s overall losses ahead of Tuesday’s open.
The final session of a difficult week holds a handful of important earnings announcements as well as the much anticipated NonFarm Payroll report. Tyson Foods reports before the open with a forecast EPS of 18 cents.
The VIX is trading below its lifetime average of 20 with analysts calling for a potential drop to 15. Stocks rallied for another session on earnings anticipation despite a disappointing retail sales report.