Good morning,
The sharp drop in oil weighed on investors and led to a sharp selloff on Friday (12/12/2014). Worries about weak economic data from China also prompted fears of a global economic slowdown. The S&P 500 index was down 33 points (down 1.62%) on Friday and closed the week at 2,002.33 for a weekly loss of 3.46%.

(more…)