The US major indices staged a formidable recovery into the last hour of trading but could not hold onto gains. The indices close lower for the 1st time in 3 trading days, but the declines were modest, and certainly better than the lows that the major indices experienced intraday.
Intraday, the declines reached:
- Dow industrial average -1.42%
- S&P index -1.79%
- NASDAQ index -2.38%
The final closing numbers are showing:
- Dow industrial average -42.47 points at -0.14% at 30273.88
- S&P index -7.63 points at -0.20% at 3783.29
- Nasdaq indes index-27.76 points or -0.25% at 11148.65
- Russell 2000 -13.07 points or him-0.74% at 1762.69
Although lower on the day first three days of October have shown solid gains for the major indices after what was a horrible September:
- Dow industrial average up 5.33%
- S&P index up 5.56%
- NASDAQ index up 5.45%
Those gains still dwarf the declines from September, but buyers are trying to make a go at the upside. It will take a Goldilocks type of number on Friday to keep the momentum going however.
