Although moderate, all three indices posted gains, with the NASDAQ managing to put together three up ticks in as many days. This is its first triple day plus run ince last December 20, putting it substantially behind last years pace of 21 such closes.
The DJIA and the S&P500 have yet to post such a run in 2008; although they managed to have 19 and 16, respectively, in 2007.
Todays increases are in line with the record for this sequence of closes, with the NASDAQ gain of .66 percent moderately larger than the median uptick of .51 percent in the 144 such three day runs since January 2000.
In the past, these were followed by 64 positive days, generating a string of four up days, with a median gain of .69 percent. On the other hand, there were 80 next day declines, with a median loss of -.74 percent.
DJIA .48 percent
NASDAQ .66 percent
S&P500 .59 percent