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S&P 500 Snapshot: Yet Another Record Close

Published 02/19/2017, 01:57 AM
Updated 07/09/2023, 06:31 AM
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On Friday, the S&P opened lower than Thursdays' close and was fairly flat until late in the day with a rise a couple of house before close. The index reached its intraday high at close and ended the day with a gain of 0.17%. Week over week, the index saw a gain of 1.51% ending Friday with another record close.

S&P 500 Chart

The U.S. Treasury puts the closing yield on the 10-year note at 2.42%, virtually unchanged from the previous Friday's close.

Here is a daily chart of the S&P 500. We can see that Friday's close reached another all-time high.

SPX Daily Chart

A Perspective on Drawdowns

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

S&P 500 Record Highs And Selloffs Since 2009 Chart

Here is a more conventional log-scale chart with drawdowns highlighted.

S&P 500 Log-Scale Chart

Here is a linear scale version of the same chart with the 50- and 200-day moving averages.

S&P 500 Linear Scale Chart

A Perspective on Volatility

For a sense of the correlation between the closing price and intraday volatility, the chart below overlays the S&P 500 since 2007 with the intraday price range. We've also included a 20-day moving average to help identify trends in volatility.

S&P 500 Intraday Price Range Chart

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