Today’s gain of 1.14% is the third positive close this week.
Wednesday’s close was also greater than 1%.
With these two days, we now have 9 closes exceeding 1% in 2007. In all of last year only 16 days closed up more than 1%. In 2005, 11 days posted gains of 1% or more.
Five out of the last 7 trading days registered gains, resulting in the S&P500 increasing a total of 5.2% since the market low of 1406.70 on August 15.
DJIA closed up 1.08% while the NASDAQ composite gained 1.38% today.