The second week of 2017 ended up, but just barely as financial firms kicked off the fourth quarter earnings season with solid results. The broader market appears to have temporarily run out of steam as the S&P 500 ($SPX) marches towards the 2300 level. And of course, the Dow is still stuck just below the highly anticipated 20,000 mark. This is, however, in contrast to the NASDAQ Composite ($COMP) and the NASDAQ 100 ($NDX) which did end the week at all-time highs. Volatility remains extremely low with the VIX closing at 11.23 which presents real challenges for traders that invoke option selling strategies.
The S&P 500 opened Monday at 2273.59 and closed on Friday at 2274.64, up 1.05 or 0.05% for the week.