That was the story all day long, and results at the end were -2.01 percent for the S&P500, -1.71 percent for the DJIA and -1.67 percent for the NASDAQ. It was the second decline in a row for the DJIA, whereas the other two indices posted their first loss after three straight gains.
This outcome conforms to the record since January 2000 when, after an identical closing pattern, the ratio of next day declines was more than 2:1.
There have been 65 other days since 1950, when this different result for the indices the DJIA falling for a second day, while the other indices recorded their first loss- occurred. Since January 2000, though, there have been only 25. The price declines of these more recent sessions, however, were far smaller, with the median loss running from -.58 percent to .74 The price declines of these more recent sessions, however, were far smaller, with the median loss running from -.58 percent for the DJIA to .74 percent for the NASDAQ. Notably, todays DJIA and the S&P500 losses were greater than 95 percent of all earlier declines.
As for the following day, since 2000, advances outnumbered declines, but not by much, with about 1.5 advances scored for every decline.
DJIA -1.71 percent
NASDAQ -1.67 percent
S&P500 -2.01 percent