SPY weekly

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Downbeat earnings meant the US equity markets were a sea of red on Friday, with no major sector able to escape the sell-off. The S&P 500 was last trading lower by nearly 3.0%, which saw it crash back below the 4,200 level and probe multi-week lows printed earlier in the week around 4,160. The tech-dense Nasdaq 100 index was down a little over 3.5% and eyeing a test of weekly lows at 13,000, while the Dow was last down a little over 2.0% and also eyeing a test of weekly lows just under 33,100.

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