Stocks closed out a volatile week on Wall Street broadly in the red Friday, led lower by banks, as investors digested a batch of mixed economic reports and remained on edge as concerns lingered over whether central banks will pare back their stimulus programs.
"Markets are more fragile now, whereas they had been bulletproof by the bulls for the last six months," said Joe Saluzzi, co-manager of trading at Themis Trading. "Unfortunately, the only thing that everyone cares about is what the Fed's doing and that's troubling, when we should be looking at economic data, fundamentals and corporate profits…There are still warning signs being flagged right now and people are getting concerned."