Wednesday, June 5, 2013

Tuesday's Gone

All good things must come to an end: After posting gains for 20 consecutive Tuesdays, a streak running back to January 8th, the Dow Jones Industrial Average finally lost ground yesterday, breaking the string. The Dow finished the day down 76 points, or 0.5 percent.

The five-month-long run was, needless to say, a record for Tuesdays, at least going back to 1900. While the Tuesday streak lasted, the Dow rose by more than 1900 points - and a full 83 percent of those gains had come on Tuesdays. Mondays, by contrast, have actually been negative on the whole for 2013.

The 20-day winning streak isn't a record, though. Schaeffer's Investment Research did uncover one longer weekday streak: There was a string of 24 straight gains on Wednesdays back in 1968.


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