The S&P 500 set record highs on Wednesday and Thursday, but by week's end the index had gone nowhere. It ended the day with a 0.48% loss and the week with a miniscule 0.01% advance from Friday's close. The 500 fared a bit better than key Eurozone indexes: Germany's DAX fell 1.52% and France's CAC 40 gave up 1.82%.
The yield on the 10-year note ended the day at 2.48%, down 4 bps from yesterday's close. It is now 4 bps above its interim closing low of May 28th.
Here is a 15-minute chart of the week. The S&P 500 is up 7.03% year-to-date.
Volume on today's losing trade was lighter than the two record closes that preceded it.
For a longer-term perspective, here is a pair of charts based on daily closes starting with the all-time high prior to the Great Recession.
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