USMarketView

June 3, 2008

Today’s turn downs, were more moderate than Monday’s losses in excess of minus one percent, but the indices, nevertheless, posted decreases of -.81 percent for the DJIA, -.58 percent for the S&P500 and -.44 percent for the NASDAQ.

It was the third straight drop for the DJIA in as many days, and the eight’s this year. For the NASDAQ and the S&P500, on the other hand, today was their second loss in a row; the 11^th and 12^th occurrence in 2008, respectively.

Looking at past performance this year, as a proxy for what might happen on Wednesday, the S&P500, on the next day, has seven declines but 29 increases; the NASDAQ shows 26 gains and eight decreases; while the DJIA has only three negative closes and 29 positive days.

DJIA -.81 percent

NASDAQ -.44 percent

S&P500 -.58 percent

This entry was posted on Tuesday, June 3rd, 2008 at 12 032008000000Tue, 03 Jun 2008 15:59:27 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.