On October 5, the S&P closed above its July high, joining the DJIA and NASDAQ indices in recovering from the recent market drop.
The NASDAQ is now 2.21 percent above its July 19 close; the DJIA has gained .7 percent above its high, while the S&P500 is a mere .03 percent higher.
All three averages closed the week with gains on Friday and Thursday. Such increases, on two successive days, occur on only 13 percent of all trading days. While the average gain on those days is about .62 percent for the S&P, it increased .96 percent today.
The DJIA did not do as well gaining .65 percent today; in contrast, the NASDAQ closed up 1.71 percent, substantially above its .82 percent average gain on the second straight positive close.
This entry was posted on Monday, October 8th, 2007 at 12 102007000000Mon, 08 Oct 2007 22:28:53 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed.
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