The major averages have spent the past few hours in a sideways range, leaving the S&P 500 with a loss of 0.5%. The benchmark index is currently down 1.2% for the week. Seven out of eleven sectors continue holding losses with energy (-3.5%), financials (-1.4%), and materials (-1.3%) remaining at the bottom of the leaderboard while real estate (+1.3%), utilities (+1.0%), and communication services (+0.5%) outperform. Treasuries finished the day just below their highs. The 10-yr yield slipped three basis points to 1.10%, ending the week lower by a basis point.