The Dow-S&P 500 Divergence

Not a Portfolio.com Insider?

In This Issue of Condé Nast Portfolio

Home > Views > Blogs > Market Movers > The Dow-S&P 500 Divergence

Your Name

Your Email Address *
Send a copy to me

Recipient's Email Address *

Separate multiple email addresses (max 20) with commas.

Subject *

Message

0/1500

Email Confirmation

Market Movers

by Ryan Avent

Main

JP Morgan-Bear Stearns: Good News fo... Why is Bear Stearns Trading at $5?

Mar 17 2008 3:24PM EDT

Financial sophisticates know that the Dow Jones Industrial Average is a bit of a joke: it's only 30 stocks, and it's not even an index. But for historical reasons it retains a grip on the public imagination that the S&P 500 has never approached.

Most of the time, this doesn't matter a great deal: the Dow and the S&P move pretty much in line with each other. But today, with Dow component JP Morgan rising by $3.40 per share, the Dow is actually up, even as the markets generally are significantly down. I wonder: when was the last time there was a gap of over 100bp between the daily movements on the Dow and the S&P 500?

Update: Zubin Jelveh answers! Apparently it was July 18, 2002, when the S&P 500 fell 2.7%, but the Dow fell only 1.56%. And it happened again on September 13, 2002.

See more in

stocks

Add Your Comment

Already a Portfolio.com Insider? Sign In

Comments*

Thank you for registering as a Portfolio.com Insider. Your comment has been added.

Create Your Public Profile

Recent Blog Posts

The Times' Rorshach Geithner Story
Apr 27 2009 9:26AM EDT
Sinking Animal Spirits
Apr 27 2009 8:45AM EDT
Counter-cyclical Urban Policy
Apr 26 2009 10:00AM EDT
Be Your Own Counterfeiter
Apr 26 2009 9:36AM EDT
Being Tim Geithner
Apr 25 2009 12:37PM EDT
Notes From a Press Conference Naif
Apr 25 2009 9:41AM EDT
What Good is the News?
Apr 25 2009 8:32AM EDT
Stressful Enough
Apr 24 2009 2:29PM EDT
Not Regretting the Pound
Apr 24 2009 1:09PM EDT
Introducing the New Ford Squeeze
Apr 24 2009 9:47AM EDT
Non-Economic Questions of the Day
Apr 24 2009 9:12AM EDT
The Stress Test Blind Alley
Apr 24 2009 8:36AM EDT
Happy Hour
Apr 23 2009 9:40PM EDT
Recovery Without Rebalancing
Apr 23 2009 6:13PM EDT
The Shape of Your Recession
Apr 23 2009 5:11PM EDT

Links

Also in Portfolio.com

Visit our partner sites

Subscribe to a magazine:

Visit our sister sites:

Quotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Hemscott. Economic data provided by Econoday. News provided by Comtex. Sec Filings data provided by Edgars. The Wall Street Horizon National Consumer Interest Rate Survey. ©2009 Wall Street Horizon. PMMS Mortgage Data ©2009 Freddie Mac. Mortgage averages are for conforming mortgages with 20% down.