The S&P 500 (SP500) and its associated benchmark change traded funds that observe the main index ended close to flat to kick off the buying and selling week, however did nonetheless contact an intra-day month-to-month low within the course of.
At one level, the S&P 500 together with the SPDR S&P 500 Belief ETF (NYSEARCA:SPY), iShares Core S&P 500 ETF (NYSEARCA:IVV), and the Vanguard S&P 500 ETF (NYSEARCA:VOO) all dipped to lows not seen since Mar. 17.
Furthermore, the benchmark funds additionally skilled very low commerce volumes because the European markets have been closed for Easter Monday.
SPY, IVV, and VOO exchanged a complete of a mixed 61.49M shares on Monday. To place these volumes into perspective, that’s lower than half of the mixed 131.36M shares the three funds usually expertise collectively based on their each day quantity averages.
The S&P 500 now sits 5.3% off its current Mar. twenty ninth excessive, and it nonetheless stays down 8% from a year-to-date stance.
The S&P 500 virtually pushed again into constructive territory going into the shut however fell 0.9 of a degree quick. The index concluded trading at 4,391.69.