After the bell Thursday, top technology firms Alphabet ( GOOGL ), Google’s parent company, and Microsoft ( MSFT ) reported Q1 and Q3 earnings results, respectively. Late trading is treating neither of these stocks kindly at this hour, so
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P 500 ETF ( SPY ), where 10,450,000 units were destroyed, or a 1.2%