Wednesday, May 20, 2015

The Sleepy Dow

Yesterday was a pretty quiet day on Wall Street, with the Dow Jones industrial average rising by a barely perceptible 0.07 percent. That came after a 0.14 percent increase on Monday and a 0.11 percent increase on Friday. It's hard to get much sleepier than that.

The Dow hadn't had three straight days of increases of less than 0.2 percent in a year and a half, since the week of Thanksgiving 2013. During the three days before Turkey Day, the Dow was even quieter, rising 0.05 percent, 0.002 percent, and 0.15 percent, but that week is generally a low-volume time of the year for the markets.

Looking back to last week, the Dow was up a more robust 1.1 percent on Thursday. Believe it or not, this marks the first four-day winning streak for the Dow since way back in February. 


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