S&P 500 slips Friday but still banks a third straight winning week
The S&P 500 fell about 0.2 percent Friday, one day after closing above 7,800 for the first time. The Dow lost 0.2 percent and the Nasdaq about 0.3 percent, with the fade arriving in the afternoon after a weak consumer sentiment print. Even with the slip, all three indexes finished higher for the week, the third in a row. For anyone trading the open Monday, the setup is a market sitting at record levels on soft data and thin August volume.