S&P 500 Snapshot: Down For The Day, But Up For The Week And Month
Doug Short | Aug 02, 2015 12:36AM ET
The S&P 500 ended the day with a modest -0.23% decline, but it gained 1.16% for the week and 1.97% for month. Perhaps the most significant economic news of the week was the rear-view look at the economy via the Advance Estimate of Consumer Sentiment surveys showed declines from June.
Next week will feature an avalanche of economic data bookended with Monday's release of the June numbers for Personal Income and Outlays, and Friday's release of the July employment report. Stay tuned!
The yield on the 10-year note closed the month of July at 2.20%, down 23 bps from its close on the opening day of the month.
Here is a snapshot of past five sessions.
In the next chart, we see that the index will enter August after trading in an extremely narrow range for the past five months.
A Perspective on Drawdowns
Here's a snapshot of selloffs since the 2009 trough.
For a longer-term perspective, here is a chart based on daily closes since the all-time high prior to the Great Recession.
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