USMarketView

April 4, 2008

Gaining 4.86 percent since last Thursday, the NASDAQ had the best week of the year, handily beating the previous high of 3.75 percent, reached for the week ending February 1. Yet today’s close was only its fifth positive week of 2008. The NASDAQ, so far this year, reported eight negative weeks and one week with no change.

The S&P500 record is better; by rising 4.2 percent since last Thursday, it scored the sixth positive week this year, against eight losses. It was not its best showing of 2008, however, falling behind its best increase of 4.87 percent of the first of February.

Of all the indices, the DJIA actually owns the best weekly performance, with an equal number of up and down closes: seven of each. Yet today’s 3.22 percent falls below the 4.39 percent increases of February 1 as well as March 20^th, 3.43 percent.

Today’s figures are similar to Thursday, with only small gains for the NASDAQ and S&P500, while the DJIA declined -.13 percent.

Clearly, the overall advance this week results from Tuesday’s strong, near record breaking activity.

DJIA -.13 percent
NASDAQ .33 percent
S&P500 .08 percent

This entry was posted on Friday, April 4th, 2008 at 12 042008000000Fri, 04 Apr 2008 16:21:16 +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.