First Week of Trading 2010
On Friday the Dow Jones industrial average rose 11.33, or 0.1%, to 10,618.19. The Standard & Poor’s 500 index rose 3.29, or 0.3%, to 1,144.98, its fifth straight advance. The Nasdaq composite index rose 17.12, or 0.7%, to 2,317.17.
All the major indexes posted strong advances for the week: the Dow rose 1.8%, the S&P 500 index jumped 2.7% and the Nasdaq added 2.1%.
For those who look to the past, the robust climb was a welcome sign for 2010. Of the last 36 times when stocks carved gains in the first five days of January, stocks ended the year higher 31 times, or 86.1% of the time, according to the Stock Trader’s Almanac.
