Week’s First Up Close as NASDAQ Betters DJIA and S&P500

June 25, 2008

Prices ended higher for the first time since last Friday, but the performance of the NASDAQ exceeded the other two indices by a substantial margin.

While the NASDAQ moved up by 1.39 percent, the DJIA gained a mere .04 percent, whereas the S&P500 increased by .59 percent. That is, the NASDAQ gain exceeds the DJIA by some 34 times! Such a number has occurred just eight times, ever. Yet today it happened for the third time this year.

While the S&P had a .59 percent increase today, nevertheless the NASDAQ gain is 2.36 greater. It’s also the third time for such a disparity in 2008.

March 10 marks the most recent bottom; since then the NASDAQ has increased 10.7 percent. The S&P500 grew just .38 percent while the DJIA edged up a mere .6 percent.

Such diversity suggests some thought will be productive to determine the fundamentals explaining this differential performance.

DJIA .04 percent

NASDAQ 1.37 percent

S&P500 .59 percent

This entry was posted on Wednesday, June 25th, 2008 at 12 042008000000Wed, 25 Jun 2008 16:58:28 +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.

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