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It’s Columbus Day, a federal holiday but a trading day for stocks. Expect some lighter volume and perhaps continued volatility.
On Friday, the S&P 500 index dipped 0.2% to 4,391.34 points following a weaker-than-anticipated September jobs report, while the Dow Jones Industrial Average was essentially flat at 34,746.25 points. Though U.S. equities have bounced up and down in recent weeks, the S&P 500 is off only 3.2% from its Sept. 2 record. The Dow, meanwhile, is 2.5% off its Aug. 16 record close.