S&P 500 Snapshot: Up 0.17% for the Week, Down 0.12% for the Month

Deutsche Bank shares rebounded today and the US equity markets followed suit. The S&P 500 open at its 0.25% intraday low and rallied through the session to its 1.12% intraday high early in the final hour. Some selling shortly before the closing bell trimmed the Friday gain to 0.80%. The index finished the week with a fractional gain of 0.17%, but the month of September closed with a fractional loss of 0.12% — the second consecutive 0.12% monthly decline.

The yield on the 10-year note closed at 1.60%, up four basis points from the previous close but down two BPs from the previous weekly close.

Here is a snapshot of past five sessions in the S&P 500.

S&P 500

Here is daily chart of the index. Today's trading volume at the close of the week, month and quarter was on the high side for a non-options expiration session. Note that the selling in the final minutes put the price squarely on its 50-day moving average as we prepare for October.

S&P 500

A Perspective on Drawdowns

Here's a snapshot of selloffs since the 2009 trough.

S&P 500 Drawdowns