Prices fell near -1.5 percent, replicating the drop on Tuesday of last week. And that reversal came on the heels of the losses of the Friday before.
Todays closes are -1.46 percent for the NASDAQ, -1.43 percent for the S&P500, and -1.27 for the DJIA. The resulting pattern of two losses in a row for the DJIA and the S&P500, combined with the NASDAQs single decline, occurred 180 times in past 60 years. The count in this century, including today, stands at 30.
Considering the results of these last 29 happenings on the following day, yields an optimistic outlook for tomorrow. Both the DJIA and the S&P500 scored 21 advances against 8 declines. The NASDAQ trails this record, having only 17 advances and 12 losses.
However, these next day results span a wide range; the NASDAQ varies from losing 3 percent to adding 5 percent! The other two averages experienced similar large spans, from losses to gains.
Turning to the performance during the Thanksgiving week, tomorrow, the last trading date before the holiday, the three indices rose 7 days, declining just three times in the past ten years.
For readers not planning to look at tomorrows analysis, the score for the day after also favors gains by a large margin.
DJIA -1.27 percent
NASDAQ -1.46 percent
S&P500 - 1.43 percent