January 12, 2009
While all three indices went negative today with the NASDAQ and the S&P500 off more than minus two percent focus on the DJIA. Although its loss was the smallest of the three, at -1.46 percent- it now has fallen for the fourth day in a row.
Only 13 closes, and all since 1980, exist where the DJIA feel for four straight days while the NASDAQ and the S&P500 registered their second straight drop. Moreover, just four of these occurred in January, and the last two when the market was declining.
As for the next day, in the past, only one further fall occurred, while prices moved higher in three of following January sessions. These increases remained small, however, and under one percent, while on the one negative day, the DJIA lost -.9 percent, the S&P500 -1.2 percent and the NASDAQ -2.1 percent.
DJIA -1.46 percent
NASDAQ -2.09 percent
S&P500 -2.26 percent