Sixth-Best Day for the Dow in 87 Years.

This was a very strong day for the stock market. The S&P 500 gained 7.03%. The Dow increased by 7.73%.

Today was the sixth-best percentage gain for the Dow in the last 87 years, but only the third best in the last month.

Today was also a fairly broad rally. Lately, it seems like small-caps have lagged every uptick. The S&P 500 Equal Weight Index was up by 7.61% which is basically in line with the rest of the market.

On our Buy List, Ross Stores (ROST) gained more than 16%. Ansys (ANSS), Fiserv (FISV), Stryker (SYK) and Globe Life (GL) were all up by more than 10%.

Shares of AFLAC (AFL) are now up over 50% from their low reached less than three weeks ago.

Today was the highest close for the S&P 500 since March 13. Going by closing numbers, the S&P 500 lost 33.92% from peak to trough. Off the low, the index has gained 19.05%. Today’s close is down 21.34% from the highest close.

The S&P 500 has gained back roughly 3/8th of the points it lost.

Posted by on April 6th, 2020 at 10:53 pm


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