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« 2007 in One Graph | Main | Bed Bath & Beyond’s Earnings » January 3, 2008 No Change for the SPXFor the first time in five years, the S&P 500 registered no change for the day. Yesterday and today, we closed at 1447.16. The Dow, however, rose 12.76 points and the Nasdaq dropped 6.95 points. The last time the S&P 500 had no change for the day was January 10, 2003. Before that was January 28, 1997. Many years ago, no change days were more frequent, but that’s obviously true when you’re dealing with a low number. For example, there were 11 such days in 1954 when the index was around 30. We’re only had four in the last 19 years. Interestingly, the Dow had back-to-back closings at 2999.75 on July 16-17, 1990. That turned out to be the market’s high before we entered a nasty bear market. Posted by edelfenbein at January 3, 2008 4:30 PM |
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