The S&P 500 has had a crazy ride this week. On Wednesday, stocks fell on the Fitch downgrade of the U.S. credit rating from AAA to AA+, the first such cut since 2011.
However, stocks opened higher Friday on good earnings news from Amazon (AMZN) and decent employment numbers. As I write this, the index is up 0.60% in early trading to 4,527.90. That’s down 1.2% on the week.
