The S&P500 led the market higher, gaining 1.14 percent with the NASDAQs second place gain of 1.10 percent. The laggard DJIA moved up .74 percent, also posting an improvement over yesterday. The record reveals just four other market days with this pattern since 1950, three of which crossed the tape since January 2000. Moreover todays performance substantially outclasses almost all of those earlier ones some with an almost threefold improvement.
Ranking all changes, regardless of pattern, since 2000 provides another way to evaluate this current performance. Taking the S&P500 data, shows only 358 gains exceeding todays; further, almost 2,300 sessions posted smaller, or negative, changes.
The standings of the NASDAQ and the DJIA, similar to each other, lag behind the S&P500. Both show almost 550 sessions ahead of todays gains, with more than 2,600 smaller or negative.
Accordingly these date support the conclusion that the current results rank quite high even though they seem modest relative to more substantial but less frequent gains. DJIA .74 percent NASDAQ 1.10 percent S&P500 1.14 percent