The markets whipped between the positive and negative side in wild intra-day trading on Friday. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $138.19, -0.40 (-0.29%). This wild action is a result of a decent bond auction in Spain and poor economic news in the United States. Jobless Claims came in near a four month high and the Philly Fed Index was surprisingly weak. The combination of a good auction and bad economic news had investors unsure as to which direction the markets should trade. In addition, it was options expiration week which naturally means wild trading.
More earnings will be reported from Friday. Some of the standouts to watch are Microsoft Corporation (NASDAQ:MSFT), Chipotle Mexican Grill, Inc.(NYSE:CMG), Riverbed Technology, Inc. (NASDAQ:RVBD) and Capital One Financial Corp. (NYSE:COF).