Friday proves sluggish on Wall Street
HW 30 takes a dip to end week
Friday proved a bit of a lull for all indices on Wall Street. The HW 30 index, for example, tumbled 0.25% on Friday. This compares to the Dow Jones, which fell 0.46%, while Nasdaq and the S&P 500 dropped 0.15% and 0.41%, respectively.
mREITS American Capital Agency (AGNC) and Annaly Capital Management (NLY) struggled on Friday. American Capital Agency dipped 0.09% for the day, while Annaly Capital Management dropped a substantial 3.49%.
The other two mREITS on the HW 30 index, Redwood Trust (RWT) and Two Harbors Investment (TWO), ended the week slightly stronger. Redwood Trust remained unchanged on Friday, while Two Harbors Investment improved 0.51% for the day.
Homebuilders, which tended to be a mix bag this week, struggled significantly on Friday. D.R. Horton (DHI) dipped 1.80% for the day, while Lennar (LEN) dropped 1.73%. Builder Toll Brothers (TOL) took the biggest hit, down 2.44% to end the week.
The big banks fluctuated on Friday, with Bank of America (BAC) falling 1.28%. Conversely, JPMorgan Chase (JPM) improved for the day, up 0.67%. Wells Fargo (WFC) also saw a slight decrease at the end of the week, down 0.05%.