The NASDAQ fell for the fourth day in a row, losing -1.61 percent, turning in the first double decline in the yearÂ’s initial two days of trading since 2005. By contrast, this index has closed higher five times in each of the first two trading days since 2000.
As for the next day of trading, the NASDAQ declined five straight days only 30 times since 2000, while rising 122 times after four declines in row.
Turning to the DJIA and S&P500, and treating their near zero percent increases two days ago as negative, these also declined on the last four trading days, an event that occurred less than 47 times since January 2000. As for New Year trading, this was their third double drop in the first two days of trading, compared to two successive increases.
On the next day of trading, both the DJIA and S&P500 posted far fewer five straight negative closes than an increase on the fifth day of trading. For the DJIA, there are 20 declines, but 152 increases, the day after four successive negative closes. The S&P500 has 16 declines compared to 152 increases for the fifth day close.
Posted
DJIA - 1.67 percent
NASDAQ - 1.61 percent
S&P500 - 1.44 percent