Well, not exactly but at the end of the day the DJIA moved up just .04 percent, the S&P500 fell the same amount, – .04 percent, while the NASDAQ’s increase of a minuscule .04 points was too small to be rounded up to .01 percent! A combination so rare that the record list only 10 other such days. Yet the last repeat occurred this past October 11, a mere three weeks ago.
Furthermore, no major changes occurred in the direction of prices following these closes. That seems odd; since it’s plausible to expect significant differences in price trends after a session where all the market forces add up to zero change.
Turning to the NASDAQ’s string of seven consecutive positive closes, it seems ill advised to use today’s outcome as number eight in a row. Nevertheless, here is the count: before today, this index experienced four sessions with eight consecutive advances. Three following days made it to nine in a row.
DJIA .04 percent
NASDAQ -.04 percent
S&P500 .00 percent
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