Todays declines are the third in a row for all three indices, with losses ranging from -1.29 percent for the DJIA to -1.95 percent for the NASDAQ. While each of the averages experienced three successive negative closes separately about 115 times since January 2000, Monday is only 38th occurrence for all three indices to fall together three days in a row.
Moreover, five of these 38 happened last year, with the most recent of these on January 17. Indeed, on the next days close, on January 18, all three indices fell for the fourth day in a row. And that was when the Fed cut its Fed Fund rate 75 basis points.
In terms of the next day, in the past the DJIA, NASDAQ and S&P500 suffered a fourth straight loss 13 times, while recovering and closing higher, after three successive losses, some 16 times. Nevertheless, the upside potential becomes greater, when separating the data in terms of before 2005 and later: in that time frame, there were six upticks, compared to 4 losses, on the day after all the three indices posted three successive losses.
DJIA - 1.29 percent
NASDAQ - 1.95 percent
S&P500 - 1,54 percent