The EURO STOXX 50 posted a modest loss of 0.30% for the day, and the U.S. indexes followed suit. The benchmark S&P 500 spent the morning hours fluttering around Friday's closing price despite a better-than-expected ISM Manufacturing Index manufacturing report. It rose to its 0.23% intraday high during the lunch hour and then reversed directions and slid to its closing loss of 0.27%. CNBC explained the market's behavior to investors taking "a cautious stance ahead of Friday's jobs report while considering a mixed start to the holiday shopping season and an upbeat gauge of manufacturing."
Here is a 5-minute look at Monday with a bit of Friday for context.
Low volume suggests a wait-and-see attitude in anticipation of this week's major economic news: the 2nd Estimate of Q3 GDP, the monthly report on Personal Income and Outlays and Friday's big jobs report.
The S&P 500 is now up 26.27% for 2013 and 0.35% below the all-time closing high of November 27.
For a better sense of how these declines figure into a larger historical context, here's a long-term view of secular bull and bear markets in the S&P Composite since 1871.