February 6, 2009
All three indices moved ahead, substantially, for the second straight day, as the NASDAQ increased 2.94 percent, while the DJIA and the S&P500 added 2.70 percent. The only other two-successive plus day this year was on January 16. Yet five such repeats occurred less than two months ago, between November 24 and December 31, 2008…
The indices also scored major gains then, with the S&P500 having the largest, at 7.52 percent. Moreover, all indices increased more than one percent four times out of five.
However, the negative closes dominated the next day, with minuses leading the pluses five to two. Furthermore, while the upside numbers were concentrated below plus .5 percent, the declines came to as much as -5.8 percent and only one negative day stayed above minus one percent.
DJIA 2.70 percent
NASDAQ 2.94 percent
S&P500 2.69 percent