The blue-chip index tends to post an average gain for the entire month of 4.7% or a median gain of 5.2%, when the DJIA gains 3% or more through the first five trading days of December.įor its part, the Dow has been a laggard so far in 2021, falling behind the year-to-date returns of its peer benchmarks, which were also in rally mode on Tuesday. Stock Market Today, March 10, 2023: Dow, S&P 500 Close Sharply Lower Amid Bank Worries Live coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite. So how does the Dow perform when it sees a gain of at least 3% in the first five sessions in December? It isn’t clear if the narrative for stocks has changed demonstrably for the bulls but bond yields remain at historically low levels, perhaps supporting a return to risky assets like information technology and energy stocks, which were leading the charge higher on Tuesday. The Fed is expected to accelerate the tapering of monthly purchases of Treasurys and mortgage-backed securities, which had buttressed the market during the height of pandemic volatility but have been deemed unnecessary as evidence of surging inflation grows. But conditions that have been deemed “oversold” on Wall Street have reignited the bulls, which had chastened by the emergence of the omicron variant of the coronavirus that causes COVID-19.Ĭoncerns about the Federal Reserve’s monetary policy plans also haven helping to cap gains for investors.

The surge comes after blue chips finished a withering stretch to end November, which brought the Dow half way to a correction, down 5.1%, as of last Friday’s close.

The Dow is up 3.7% so far in December, FactSet data show, which would represent the best first five trading sessions on the month for the blue-chip stock market index, since a 4.17% gain in 1997.Īt last check, the Dow was up 544 points, or 1.6%, to around 35,768, up nearly 1,200 points in the past two sessions.

Markegsatvh dow now