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EQL - Strong PMIs Have Limited Impact As Profit-Taking Hits Equities
ALPS Equal Sector Weight
Overview: US stocks stumbled yesterday, and the S&P 500 nearly gave back the week's gains with its roughly 1.25% loss, the largest of the month. The NASDAQ 100 fell to two-week lows. Slower cloud growth at Microsoft (MSFT) and a delay in the next generation of chips at Intel (INTC) were among the drags. Asia-Pacific and European shares were pressed lower. Chinese stocks were crushed by almost 4% in Shanghai and a little more than 5% in Shenzhen. Only South Korea, Taiwan, and India fell less than 1%, while Japanese markets may play catch-up on