Although down on the open this morning, the major indices are starting today with 6-week winning streaks behind them. The Dow , S&P 500 and NASDAQ are up 22.70%, 27.25%, and 29.31% over their respective runs. On a percentage basis, the indices are having their best 6-week rallies in years (see details here).
But what about length of streaks? Can the markets keep going up week after week? These are the longest weekly streaks for the Dow and S&P since May 2007 and for the NASDAQ since December 2005 but we are far from record territory when it comes to staying power…
- The Dow has had 6-weeks in a row or more of gains 75 times (including the current streak)
- The S&P 500 has had 6-weeks in a row or more of gains 58 times (including the current streak)
- The NASDAQ has had 6-weeks in a row or more of gains 40 times (including the current streak)
- The NASDAQ holds the record with a 15-week winning streak that ended in March 1972 when it gained 26.5% over the stretch.
Bank of America , Citigroup and other financials are weighing on the markets today, creating an uphill battle for the rest of the week in order for the streaks to continue. However, the markets also fell the past two Mondays and recovered before the week was over.
Here are some of the longest streaks on record:
15 weeks
- Dow: N/A
- S&P: N/A
- NASDAQ: 26.5% over 15 weeks ending 3/10/1972
14 weeks
- Dow: 11.2% over 14 weeks ending 10/29/1965
- S&P: N/A
- NASDAQ: N/A
13 weeks
- Dow: 7.4% over 13 weeks ending 3/13/1964
- S&P: 9.3% over 13 weeks ending 6/14/1957
- NASDAQ: N/A
12 weeks
- Dow: 21.3% over 12 weeks ending 1/9/1925
- S&P: 16.4% over 12 weeks ending 12/20/1985
- NASDAQ: N/A
11 weeks
- Dow: 9.9% over 11 weeks ending 5/17/1963
- S&P: N/A
- NASDAQ: Has happened 5 times
21.8% over 11 weeks ending 2/20/1976
19.2% over 11 weeks ending 5/19/1978
15.6% over 11 weeks ending 12/13/1985
13.1% over 11 weeks ending 6/9/1989
49.0% over 11 weeks ending 12/31/1999
10 weeks
- Dow: Has happened 4 times
28.7% over 10 weeks ending 12/2/1904
20.9% over 10 weeks ending 6/6/1919
18.3% over 10 weeks ending 5/24/1935
11.1% over 10 weeks ending 5/12/1995 - S&P: Has happened 2 times
14.2% over 10 weeks ending 2/12/1943
10.0% over 10 weeks ending 5/10/1963 - NASDAQ: Has happened 2 times
36.2% over 10 weeks ending 10/22/1982
10.9% over 10 weeks ending 2/3/1989
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