While prices declined, continuing the recent scattering of losses after gains, the more pertinent fact is their very small size. Losses this small happened just eight times in the near 16,000 trading days since 1950.
The crucial factor is this week’s July 4 holiday and its focus on vacation time. Gains usually predominate on July 3, in bull markets as well as when prices are heading down.
Yet for all other July days, price increases are only slightly ahead of the number of declines.
DJIA -.28 percent
NASDAQ -.03 percent
S&P500 -.05 percent
