April 23, 2008
The NASDAQ gaining 1.19 percent bettered the DJIA and S&P500 by almost a whole percentage point today. This index has increased 10.9 percent, from its latest low of 2169, reached on March 10, 2008.
The NASDAQ has outperformed both the DJIA and the S&P500 by a substantial amount since that low. The DJIA has increased only 8.7 percent, while the S&P500, the laggard of the group, moved up a mere 8.4 percent.
These enhancements occurred in the last 31 trading days, and despite the many, and often large, negative closes. Moreover, while the total positive days are almost the same for all the indices -14 for the NASDAQ, 15 for the DJIA, and 16 for the S&P500- the median daily up tick for the NASDAQ in this period is 1.73 percent, more than triple the S&P500 median of .54 percent, and the .49 percent for the DJIA.
DJIA .34 percent
NASDAQ 1.19 percent
S&P500 .29 percent
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