January 6, 2009
Prices resumed their rise that began last Tuesday, December 30, after retreating yesterday. With gains in the .69 percent, for the DJIA, to 1.50 percent, for the NASDAQ, range, these results parallel results on the third trading day of the year.
Since 1950, the frequency of increases and decreases for this trading day are about even: 30 gains compared to 28 losses for the DJIA and the S&P500; and 19 gains versus 18 losses for the NASDAQ.
As for the fourth trading day, January 7, 2009, the NASDAQ has 21 increases and only 16 declines. Indeed, the last losing day for this index occurred seven years ago, in 2002. The other two indices had their last negative close, on the fourth trading day, in 2003; their score, since 1950, comes to 29 positive changes and 28 negatives.
(Posted 10:45 AM, January 7, 2009)
DJIA .69 percent
NASDAQ 1.50 percent
S&P500 .78 percent
(Posted 10:45 AM, January 7, 2009)
DJIA .69 percent
NASDAQ 1.50 percent
S&P500 .78 percent