S&P 500 closes choppy week down 0.6%

The S&P 500 ended the week down 0.6%, marking its second consecutive weekly decline and the longest losing streak since late March. The index sits about 2.6% below its record close on June 2, 2026, and is up 8.3% year-to-date.

Trading was choppy as market participants absorbed mixed economic readings and corporate earnings. The S&P 500 Equal Weight Index has risen 11.4% year-to-date, outpacing the market-cap weighted S&P 500. Exchange-traded funds tied to the S&P include iShares Core S&P 500 ETF (IVV), SPDR S&P 500 ETF Trust (SPY), Vanguard S&P 500 ETF (VOO), SPDR Portfolio S&P 500 ETF (SPYM) and Invesco S&P 500 Equal Weight ETF (RSP).

On technicals, the index has traded below its 50-day moving average since July 23, 2026, while remaining above its 200-day moving average since April 8, 2026. The 50-day average has been above the 200-day average since July 1, 2025.

Volatility measures show intraday swings have been noticeable. Over the past 20 trading days the average percent range from intraday low to intraday high is 0.89%. The largest recent intraday percentage move occurred on April 9, 2025, when the index moved 10.77% in a single session; the largest comparable intraday range on record was 19.10% on Dec. 24, 2018.

A longer view of drawdowns shows the S&P fell roughly 57% from its Oct. 9, 2007 high to the March 9, 2009 trough and did not close at a new all-time high until March 28, 2013. Historical data for daily moves and correction days, along with charts of record highs and moving averages back to 2007, provide context for recent price action.