Today’s close of -.42% is the sixth downturn in the last 12 trading days. Since the market hit its recent low of 1406.70 on August 15, the number of plus days has just equalled the number of down days: Six plus and six minus finishes. But the positives –at four closes gaining more than 1%– outshine the three deeper than 1% declines.
So despite the up again, down again trading days, the index today gained more than 50 points –some 3.2%– in the last 12 trading days.