All three indices moved higher, with the NASDAQ more than recovering yesterdays loss.
The market has now established a +1 -1 +1 -3 pattern. Meaning todays uptick, following Wednesdays decline, Tuesdays increase, and on Monday experiencing the third successive negative close. There have been about 15 of these configurations since January 2000, with the following median gains DJIA .58 percent, NASDAQ .66 percent, and.53 percent for the S&P500.
Twice this year, the DJIA followed this pattern, and closed more than one percent higher on the following day. The NASDAQ had the same experience on February 25. Overall, since January 2000, the DJIA had 12, the NASDAQ had 11, and the S&P500 had 9 higher closes the next trading day.
DJIA .29 percent
NASDAQ .88 percent
S&P500 .51 percent