S&P 500 Snapshot: Flat Finish Friday, But a Modest Weekly Gain

It was a curious Friday around the globe. The Nikkei gave up its gains following an afternoon quake. The Hong Kong market was closed because of a Typhoon. In Europe and the US, most indexes finished flat, except for a modest gain in the NASDAQ, mostly thanks to Microsoft. Our benchmark S&P 500 sold off at the open to its -0.53% intraday low and rose steadily through the session to its 0.05% intraday high at the start of the final hour of trading. But that small gain evaporated in the closing trade to a flat finish, technically a loss of 0.01%.

The yield on the 10-year note closed at 1.74%, down 2 BPs from the previous close.

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

S&P 500

Here's a weekly chart of the index. The 0.38% weekly advance snapped two weeks of decline.

S&P 500