June 9, 2008
In the past nine or so years, how did these averages change at the end of the next session? Their record will not reveal how they will open, or behave, today but it will generate a perspective on the market activity to come.
Of the S&P500s 18 such days since January 2000, 11 showed gains while 7 ended even further down. The range of closing prices, however, is quite large, going from a loss of -3.29 percent to a recovery of 3.31 percent.
The DJIA, with 15 closes deeper than three percent, continued with five negative closes and ten increases, running from minus -2.93 percent to plus 2.87 percent.
The NASDAQ situation is difficult to ascertain, since this index, with some 100 days of minus three percent or greater losses, had only three such closes since 2004.
This entry was posted on Monday, June 9th, 2008 at 12 082008000000Mon, 09 Jun 2008 08:28:53 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed.
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