US equity close: Reversal lower caps a negative week

<p>Closing changes:</p><ul><li>S&amp;P 500 -0.5%</li><li>DJIA -0.5%</li><li>Nasdaq Comp -0.4% </li><li>Russell 2000 -0.2%</li><li>Toronto TSX Comp +0.5%</li></ul><p>On the week:</p><ul><li>S&amp;P 500 -2.3%</li><li>DJIA -0.5%</li><li>Nasdaq Comp -2.8% </li><li>Russell 2000 -1.2%</li><li>Toronto TSX Comp -1.4%</li></ul><p>July was a great month for stocks but August has gotten off to a slow start. The market looked like it would turn today as yields fell but that ultimately wasn't enough. US yields end the day 10-15 bps lower across the curve.</p><p>Still, this is the first substantial weekly decline since March so the bulls can't exactly complain.</p>

This article was written by Adam Button at www.forexlive.com.