Analyzing the S&P 500, NASDAQ, and Dow on January 16
After gaining for two consecutive trading weeks and rising to fresh record high price levels, the S&P 500 started this week on a mixed note. On Tuesday, the S&P 500 opened the day higher at fresh all-time high prices but lost strength and declined as the day progressed. On January 16, eight out of the S&P 500’s 11 major sectors closed the day in losses.