August 15, 2008
The week closed with the DJIA and the S&P500 gaining a fraction today, and the NASDAQ off by -.05percent. Whereas the difference of these changes is small, nevertheless, the record reveals 23 such days since 2000, and 79 in all.
On the day following such closes, both the NASDAQ and the S&P500 had about the same number of up days as losing days. The DJIA, however, has a preponderance of positive closes: 14 upticks compared to nine next day declines.
As for the Friday-to-Friday comparison, the DJIA lost -.63 percent from a week ago, but the NASDAQ and the S&P500 gained 1.59 percent and .15 percent respectively.
Todays positive weekly close for the NASDAQ is its fourth in a row. There are just 12 other occasions since January 2000 when the NASDAQ scored such a steady gain. Moreover, on three of those, prices were declining; on the other nine events, the market was rising.
DJIA .38 percent
NASDAQ
-.05 percent
S&P500 .41 percent
This entry was posted on Saturday, August 16th, 2008 at 12 012008000000Sat, 16 Aug 2008 13:27:16 +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.