Stock coma outlasts earnings as S&P 500 fails round number test

S&P 500 has been both within 0.5% of its all-time high and stuck in a 0.6% trading range

The somnolent tone in US stocks lasted another week, with a string of motionless sessions elongating just as the S&P 500 Index approached its latest round-number milestone.
 
Unmoved by politics, the economy or earnings, the benchmark gauge slipped 0.4 per cent over the five days, as double-digit losses in retailers Macy’s Inc. and Nordstrom Inc. were offset by equally large rallies in Nvidia Corp. and Advanced Micro Devices. While closing at a record 2,399.63 on Wednesday, the index has been hovering just below 2,400 for the better part of two weeks.
 
“A continuous rejection of the 2,400 level