Thursday, May 28, 2015

Advisor Perspectives S&P 500 Snapshot: A Recovery From Most of Yesterday's Selloff

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May 27th, 2015

On a day of light economic news, the S&P 500 managed to recover most of its -1.03% post-Memorial Day selloff. The index surged at the opening bell, vacillated at the 30 minute mark and then rose at a slower but steady pace to the final hour. At its 1.05% intraday high eight minutes before the final bell, the index was fractionally above Friday's close. But some last minute selling trimmed the closing gain to 0.92%, the best performance in eight sessions and only 0.12% below Friday's close.
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