S&P GAINS 1.04% — CLOSES UP TWO DAYS IN A ROW

The market continued its upward momentum, achieving an up 1.04% close after the Labor Day holiday on top of last Friday’s 1.12% gain.

These two back to back positive closes deserve attention. There have been only 488 of these since January 2000.

Two successive one percent closes are even rarer, occurring only 37 times in this century.

Today and Friday’s twin greater than one percent gain is the first such double plus close since November 2004.

This entry was posted on Tuesday, September 4th, 2007 at 12 112007000000Tue, 04 Sep 2007 23:07:42 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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