The S&P 500 ended its streak of 109 trading days without a 1 percent decline yesterday, when it fell by 1.24 percent. This was the first 1 percent drop for the index since October 11, 2016.
The Dow Jones Industrial Average also halted a streak of 109 days without a 1 percent decline, when it dropped by 1.1 percent. In the history of the indexes, there had only been 11 other prior streaks of 100-plus days without a 1 percent decline.
The S&P 500’s streak without a 1 percent down day was the longest since the one that ended May 18, 1995. The Dow’s was the longest since the one that ended September 20, 1993.
No comments:
Post a Comment