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Other major averages also lost ground.
But the other major averages did better.
Yesterday's major averages dropped between 5 and 10percentt.
All major averages peaked in early 2000 and have not revisited those highs since.
All the major averages are higher than they were in mid-1998.
By the time the markets closed, all the major averages had ridden the wave.
Mr. McManus predicts that the major averages will rise about 5percentt, while broader indexes will be nearly flat.
But it was not enough to pull the three major averages back into positive territory for the year.
But it returned at the end of the year, carrying the major averages to new post-2000 highs.
Most major averages in the United States, as well as several other countries, have now recovered all the losses they suffered after Sept. 11.
Last year, almost everything went up in the stock market, ending a string of three years in which the major averages declined each year.
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