S&P 500 Snapshot: A Modest Gain on Light Volume

The S&P 500 hit its -0.20% intraday low five minutes into the session and then recovered to a narrow trading range around the flat line through most of the session. A small rally in the final 30 minutes lived the index to its modest closing gain of 0.18%, putting it only 0.22% below the record close on January 6th.

Here is a snapshot of the past five sessions.

S&P 500

Treasuries reversed yesterday's gain, with the yield on the 10-year note closing at 2.42%, up nine BPs from the previous close.

Here is a daily chart of the index. Trading volume was light as we move toward the Trump inauguration.

S&P 500