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While history is no indication of future performance, many investors look for patterns in historical numbers to apply lessons learned to today's environment. As such, CNBC By the Numbers often posts updates on how the Dow, S&P and Nasdaq have faired over certain periods of time. Here is a look ahead to tomorrow's day in history...
With Alcoa set to announce its second quarter earnings tomorrow, earnings season will officially begin. Here's a look at what analysts are expecting.
The futures are down this morning and we are looking at a weak start to the week. How does this stack up when compared to other Mondays?
For the first week of the second half of the year, all major US indices finished in the red, led by the S&P 500, down 2.45% for the week.
Historically and on average, the U.S Markets have been up on the day before Independence Day and relatively flat the day after. The S&P has averaged best of the major indices on the day before the July 4th holiday is observed, up an average of .5% and up 70% of the time.
The latest overall job loss numbers showed a loss of 467,000 jobs in June and the unemployment rate climbed to 9.5%, the highest rate since August 1983. The May and April numbers were revised to losses of 322,000 and 519,000, respectively. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Now that we closed Q2 and the first half of 2009, let's take a forward look. Here are the historical averages for the Dow, S&P and Nasdaq for July, Q3, and H2. Historically and on average, the Dow has fared best of the major indices in July, Q3 and H2.
All three major US indices had their strongest performance since the second quarter of 2003, when the Dow, S&P 500 and NASDAQ Composite were up 12% or higher for the quarter.
Earlier this morning, the NASDAQ was up over 17% YTD, well ahead of the Dow (down ~3% YTD) and the S&P (up ~2% YTD). The relative value of the NASDAQ to the S&P 500 is now over 2.0 and has been hovering around 2.0 for the past couple of days. It actually closed a fraction above 2.0 on Friday for the first time since February 2001.
On the final day of the quarter, all three major US indices are poised for their strongest performance since the second quarter of 2003, when the Dow, S&P 500 and NASDAQ Composite were up 12% or higher for the quarter.
With one day left in the quarter, the Dow and S&P ended in positive territory as fund managers snapped up winners in an attempt to embellish their portfolios.
As investors look ahead to the second half of the year, the impact of the market's rally since March 9th, could provide insight into where some bets have been placed.
On a week where the US markets ended the day & week mixed, the major indexes are tracking to close the month mixed, but the quarter up almost 11% or greater, and the first half of the year in the green, except for the Dow.
The markets are still struggling and consumers are saving more, causing concern that a recovery will be slow. Art Cashin, floor director at UBS, weighed in Friday with his thoughts.
Just which way are the markets headed? Art Cashin, floor director at UBS weighed in Thursday. "The market's staggering a bit here," said Cashin.
First Quarter GDP was revised to a final drop of 5.5%, slightly better than was previously reported. This comes after the final numbers for Fourth Quarter GDP was down -6.3%, the worst quarter since Q1 1982 when economic "growth" was -6.4%. Here is a breakdown of where the economy is shrinking most.
Monday was the worst day for stocks in about two months. Art Cashin, director of floor operations at UBS offered his insights Tuesday.
The current three-month rally may have run out of steam as the Dow suffered a triple-digit decline yesterday, shedding 200.72 points or 2.35% to close at 8339.01. The Dow has closed with triple-digit losses three times so far in the past three weeks, and 31 times so far in 2009. This compares to 504 triple-digit in history, 84 of which occurred in 2008 including the largest 1-day point decline in history of 777.68 points or 6.97% on September 29.
Stocks suffered their worst one-day loss in two months driving the S&P 500 back into negative territory for the year.