When the US markets opened, European indexes were in the dumps on renewed anxieties over a Greek default. The S&P 500 plunged at the open and hit its -0.83% intraday low 90 minutes later. Sideways trading during the afternoon led to a -0.70% loss for the day. For the week the index was essentially flat, up a tiny 0.06%.
The yield on the benchmark 10-year note closed unchanged at 2.39%.
Here is a 15-minute chart of the past five sessions.
Here is a weekly snapshot of the index. Volume was unremarkable.
A Perspective on Drawdowns
Here's a snapshot of selloffs since the 2009 trough.
For a longer-term perspective, here is a charts base on daily closes since the all-time high prior to the Great Recession.
