Extrapolate This: Dow Drops 50 Points as Market Looks To Friday Payrolls
August 30, 2016 at 17:26 PM EDT
Stocks finished lower as the market continues with l ast Friday's Fed hawkishness , and look ahead to this Friday's payrolls report . The S&P 500 fell 0.2% to 2,176.12 today, while the Dow Jones Industrial Average dropped 48.69 points, or 0.3%, to 18,454.30. The Nasdaq Composite declined 0.2% to 5,222.99. On a day when almost every sector of the market finished lower, financials managed to gain 0.8%, thanks to Friday's hawkish Fed comments. The folks at Bespoke Investment Group contend the financial-sector rally has gotten a bit ahead of itself: