Volume continues to taper off ahead of the long holiday weekend. As a reminder, both the stock and bond markets will be closed Monday for New Year's Day. Today, though, market participants who stuck around were watching the S&P 500 as it closed in on a new all-time high.
In intraday trading, the S&P 500 climbed as high as 4,793.30, a stone's throw away from its all-time closing high of 4,796.56 from January 3, 2022. The broad-market index finished just below here, at 4,783, up 0.04% on the day.
