S&P has really broken the market into fine groups
Saw this on Yahoo today, is there an ETF for Education Services as well?
The major indices come off their best levels as financials (-0.3%) dip into the red. The investment banks & brokerages group was up 1.6% shortly after the opening bell, but is now down 1.9% after a quck reversal.
The worst performing S&P 500 group is education services (-23.5%), due weakness in its only component--Apollo Group (APOL 43.03, -13.31). Shares of the for-profit education provider are getting hammered after the company reported earnings of $0.41, which fell short of the consensus estimate by 12 cents
I think this sort of misses the point of a group doesn't it? Or does it get to be a group because group is in it's name?
But then what do I really know?