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Next Week's Market-Moving Events: Apple Earnings, Existing and New Home Sales, and Jobless Claims
Index returns only told half the story this week. The Dow Jones Industrial Average (INDEXDJX:.DJI) hit a 5-year high while the S&P 400 (INDEXSP:SP400) and Russell 2000 (INDEXRUSSELL:RUT) both traded at all-time highs before retreating a bit. For the week the S&P 500 (INDEXSP:.INX) gained about ½ % bringing the year-to-date gains to just over 3%. The Trade: Given the broad market breadth and limited index gains focusing on equal-weight ETFs might prove to be an outperforming strategy as these will be impacted less by the likes of Apple (NASDAQ:AAPL) and Intel (NASDAQ:INTC) whose impact on market-cap weighted indexes ...
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