Stock market watchers are concerned about the big losses markets incurred in trading last week, but one expert believes that's just a blip on the radar screen.
The average bonus paid to securities industry employees in New York City grew 15 percent last year to more than $164,000, the largest average Wall Street bonus since the 2008 financial crisis and the third highest on record, New York's state comptroller reported Wednesday.
U.S. stocks are ending broadly lower as investors assess corporate earnings reports, leaving the Standard & Poor's 500 index down slightly for the week.
There are fewer companies trading fewer shares today as compared to recent years. Some suggest that explains, at least in part, why markets have seen such big gains.
Weak earnings from tobacco company Lorillard and household products maker Procter & Gamble helped end the stock market's longest winning streak of the year Wednesday.