S&P 500 Snapshot: A Fractional Gain for a New Interim High

From dshort.com - Advisor Perspectives
January 15, 2013 - 5:20pm

Jan 15, 2013 Doug Short  The S&P 500 fell at the open, despite a surprising strong December Retail Sales number, and hit its intraday low, off 0.47%, in the first 15 minutes of trading. The index rallied back to the opening price during the noon hour but gave back some of the gains by the mid-afternoon. But at 2:30 sharp the 500 launched a rally that took it into positive territory, and it closed the day with a fractional gain of 0.11%. That was enough to set a new interim high since the March 2009 low.More...

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