Last week the S&P 500 rallied and, for the first time in 2016, closed up for the year on Thursday, March 17. One week later, the S&P 500 is back in negative territory for the year. The climb to positive territory was abruptly ended this week on Wednesday when five members of the US Federal Reserve’s rate-setting committee suggested that a rate hike could come as early as April. This ends the five week winning streak for the index. The SPX opened on Monday at 2047.88 and closed the abbreviated trading week on Thursday afternoon at 2035.94, down 11.94 or 0.58%.