February 12, 2009
The NASDAQ moved into the positive toward the end of the day, and gained .73 percent. The S&P500 was in the red until almost the closing bell but then just managed to go higher by .18 percent. While the DJIA followed the same path, its recovery fell short, closing down by just -.09 percent.
Only seven other days experienced this pattern of changes. Two came in 1972 and the other five were in the 1990s, with this close being the first since July 1999. One note of optimism comes from this comparison: all of these earlier instances
In considering this close in its position of two days after the greater than four percent losses of Tuesday, its rank is at the bottom, showing the least variability of the 17 earlier occurrences. Some of those two-days-after changes went from near plus twelve percent to minus seven percent.
DJIA -.09 percent
NASDAQ .73 percent
S&P500 .18 percent