The
S&P 500 remains confined to a narrow trading range that is trending
just above the 900 level. The benchmark index has yet to violate the
psychologically significant line, though.
Given today's losses, the
S&P 500 is on track for a weekly loss of 1.9%. That would mark the
third straight weekly decline for the stock market. This week's decline
is currently worse than the Dow's week-to-date loss of 1.3%, but not
quite as bad as the Nasdaq's 2.0% loss.
Small-cap stocks have
suffered the most this week. In turn, the Russell 2000 is on track for
a weekly loss of 2.5%. Most of that decline is coming from this
session's 3.3% loss.