USMarketView

March 6, 2008

After three days of minor movements, the indices took the biggest hit since last Friday, with the NASDAQ and the S&P500 losses deeper than two percent. The DJIA was off 1.75 percent.

The S&P500 had just three losses as large in the roughly 100 trading days since last October, whereas the NASDAQ had 7, and the DJIA experienced 8 losses like today’s.

As for the day after such deep declines, since the market’s last peak, the DJIA went up seven times, declining just once. The NASDAQ turned in almost the same performance, rising the next day on six of the seven times its loss exceeded 2.3 percent.

The S&P500 spring back is not as frequent, with just one positive day following its three steep declines since last October.

DJIA -1.75 percent
NASDAQ - 2.30 percent
S&P500 - 2.21 percent

This entry was posted on Thursday, March 6th, 2008 at 12 052008000000Thu, 06 Mar 2008 17:29:21 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.