Stocks have been rising most of the year, with the most recent visible success being the Dow Jones Industrial average climbing past 22,000 for the first time ever last week. But the market’s march higher has been slow. The Dow’s average daily move in either direction so far this year is 0.31 percent, the smallest since 1964, when it hit a record-low 0.30 percent, according to analysis by The Wall Street Journal’s Market Data Group.
The index hasn’t even had a move of more than 1 percent in either direction since mid-May. During the index’s move to 22,000 from its first close above 21,000 in March, the Dow had only four days where it moved by more than 1 percent.
And it’s not just the Dow. On Friday, the S&P 500 closed out its 12th consecutive session on Friday without a move of 0.3 percent or more in either direction. That's the longest such streak ever.
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