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The S&P 500 concluded a challenging trading week, closing at 5,827.04 on January 10, 4:56 PM GMT-5, a decline of 64.03 points (-1.09%) over the past five days. The index witnessed overall loss during the week and one of the reasons attributed could be the release of the 2024 jobs report.
The index opened at 5,890.35, which also represented the week’s peak, indicating a brief moment of optimism early in the trading period. However, selling pressure quickly emerged, dragging the index down to its lowest point of 5,807.78. This low highlights the market’s struggle to find support amid negative sentiment.
Compared to the previous close of 5,918.25, the S&P 500 shed substantial value, reflecting broader concerns across sectors. The week’s trading range of 5,807.78 to 5,890.35 reveals a relatively narrow yet volatile band, suggesting heightened uncertainty among investors.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.