“Most highly rated stocks stumbled during the past week, as the overall market fell back into correction mode after a brief uptrend,” Victor Reklaitis reports for Investor’s Business Daily.

“Among those finishing the week under their 10-week lines were Apple (AAPL) [$565.25, -$16.57 (2.85%) ], MercadoLibre (MELI) and Michael Kors (KORS). MercadoLibre has lost its spot in the IBD 50 screen,” Reklaitis reports.

Reklaitis reports, “For the week, the IBD 50 index slid 3.5%. That was better than the Nasdaq’s performance, but worse than the other indexes’ declines. The Nasdaq dropped 3.7%, the NYSE composite 2.7% and the S&P 500 2.4%, as each index endured its worst week since late last year.”

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