Losses for the week were just about equivalent to the strong gains of the week before, with the NASDAQ decrease deeper by .70 percentage points, the DJIA decline offsetting the increase, and the S&P500 fall smaller by .27 points.
To put these changes in perspective, note that, since January 2000, the S&P and the DJIA weekly losses exceeded this weeks only ten times; that two came earlier this year, on January 4 and January 18; and that previous losses this deep occurred in February 2007 for the S&P500 and in March 2003 for the DJIA. While the NASDAQ record shows 47 weekly decreases this large, the last two were this January 4 and on
On Friday itself, the NASDAQ index increased, while the other two indices declined. Such divergence is not common, taking place only 122 other times since January, 2000.
DJIA -.53 percent
NASDAQ .52 percent
S&P500 -.42 percent
Posted February 10,