This morning's jobless claims report showed a big drop in new claims (although the latest number is about 12,000 higher than the six-month moving average). The S&P 500 opened higher and then slowly drifted yet higher to its 0.52% intraday high shortly before its slightly trimmed closing gain of 0.47%, which is another all-time high.

According to the U.S. Treasury, the yield on the 10-year note closed at 3.00%, a new interim high and the highest yield since July 2011.

Here is a 15-minute look at the past six sessions, starting with the big post-FOMC rally on December 18th.

In keeping with the holiday season, volume for the last three sessions was appropriately light.

The S&P 500 is now up 29.16% for 2013.

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