Nasdaq on track for its first 5-day Win Streak since Christmas
Director of Market Data & Content Services, CBNC
The Nasdaq Composite is continuing to lead its peers. Not only is the NASDAQ Composite up for its fifth consecutive day today, but the tech-driven index is also outperforming the major US indexes month-to-date, up almost 4.3% as of late Thursday afternoon. Meanwhile, the Dow and the S&P are also clinging to a 3-day streak, each up by 2.8% or more in the past three days, and tracking their best best 3-day consecutive % gain since 11/09/09 for both of the indexes.
The last time that the Nasdaq traded up for 5-straight days was the day after Christmas as it rose about 79.4 points or 3.6% in that time period. In 2009 alone, the Nasdaq had streaks of 5 days or more only 3 times, that included a 12-consecutive day of gains ending on 7/23/09 when the index rose 13%. The biggest winning streak that the Nasdaq ever posted was a 19-day winning streak that ended on 8/31/1979 when it rose 5.6%. The most occurences when the Nasdaq has managed to post 10-consecutive days of gains or more occurs on an 11-day winning streak as the index accomplished this 9 times in 1971, 1973, 1978, 1980, 1985, 1987, 1990, 1991, and 1996. See table below for respective days.
NASDAQ Composite Biggest Winning Streaks:
NASDAQ 100's Best Stocks in the Current 5-Day Rally:
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