Traders are watching the S&P 500 for any break below its bear market low. The S&P’s low close for the year in June was 3,666.77. It closed Friday at 3,693.23 after trading briefly below that level. The benchmark’s intraday low for the year is 3,636.87. Any trading below those levels could drive more selling in the market.
Rates were surging again on Monday with the 2-year Treasury topping 4.29%.
