Last week’s activity in the equity markets was characterized by both low volatility and low trading volume. The recent emotional capital expended by the financial media and short term traders during the short lived price correction (9/19 – 10/15) gave way to a week where the domestic equity indices experienced little movement in either direction. For the week, the U.S. ten year Treasury closed with a yield of 2.32% and the broad market S&P 500 rose 0.4% for the week ending at the high water mark of 2039.82, its forty-first record close of the year.
The complete summary is available online.
