Investors are trying to hold onto January's rally while watching earnings, economic data.
jumped 7% after reporting more subscribers than expected even though its quarterly earnings missed analysts' estimates.
For the week, however, all three indexes are on track to close lower. The Dow is down 3.67%, on track for its worst week since September. The S&P 500 is down more than 2.5% and could notch its worst weekly performance since December. The Nasdaq is down more than 2% and on pace to break a two-week win streak.
Those forward indicators include economic data such as retail sales and industrial production. "This is where the market is starting to break down," he said.
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