Another Losing Day and Week

March 14, 2008

 

Today’s close, the third down day of the week, was also its deepest. The S&P500 finished below last Friday, while the NASDAQ ended on the same level. The DJIA did move ahead, by .48 percent for the week.

In terms of Friday-to-Friday changes, 2008 so far has the most negative record of the decade. All three indices fell in six of the first ten weeks of the year, a record unequaled since 2003.

The Friday-to-Friday performance in the first eleven weeks of the year is basically negative: in six of the weeks, all three indices fell. The NASDAQ declined in eight weeks, the S&P500 in seven weeks, and the DJIA on 6 Fridays.

DJIA - 1.60 percent
NASDAQ - 2.26 percent
S&P500 - 2.08 percent

Leave a Reply

You must be logged in to post a comment.