Recent market stability has been a relief for investors, but analysts say the pause also reflects skepticism that stocks can surge to new highs
Stocks are barely moving, leaving major indexes hovering just below all-time highs and investors waiting for a catalyst that could push the indexes out of a narrow trading range.
The S&P 500 averaged a daily move of 0.2% last week, the smallest in five months, according to Dow Jones Market Data, and inched down less than 0.1% Monday. Despite sizable disruptions in the oil and money markets, faith in consumer spending and hopes for a trade deal with China have held stocks steady.
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