April 7, 2008
The days strong gains failed to last to the close, as the NASDAQ fell -.26 percent, and the DJIA was limited to increasing just .02 percent. Thus the S&P500 became the star performer, up .16 percent at the close.
Since January 2000, there have been 130 such trading days: the NASDAQ falling while the other two indices were rising. Moreover, the median changes in the past are quite close to today’s, with the median NASDAQ decline of -.31 percent, and the median gains of the S&P500 and DJIA of .22 percent and .39 percent respectively.
The market has displayed significant stability since last Tuesdays increase. The DJIA had the largest movement, losing -.33 percent, compared to the S&P500s gain of .17 percent and the NASDAQ overall change of plus .09 percent.
DJIA .02 percent
NASDAQ -.26 percent
S&P500 .16 percent