Prices continue to move higher, reaching highs almost daily. Yet these gains are not across the board. The NASDAQ continues to lead these advances – as it has done for the past three years.
Consider the action since January 15, the day that these three averages had their first peak of the year. Today, the NASDAQ stands at 102.57 percent of that close, leading the S&P’s 101.6 percent, while the lagging DJIA, at 99.6 percent, has failed to regain its top.
Today’s diagram reveals the powerful performance of the NASDAQ all through this recovery. Its latest close brings it to more than triple the price at the 2009 bottom. The S&P500 trails far behind, its recovery brings it to just 277 percent of the March 2009 low. Meanwhile the DJIA, the once main indicator of the stock market, stands at just 251 percent.
DJIA .38 percent
NASDAQ -.13 percent
S&P500 .17 percent
