Stock Market Higher 80% of the Time In April, 2% Average Gain Historically
Portfolio Pulse from Cory Mitchell
Historical data shows that April is a strong month for major indices like the S&P 500, NYSE Composite, and Nasdaq 100, with the S&P 500 and NYSE Composite closing higher 80% of the time and the Nasdaq 100 65% of the time over the last 20 years. The average gain for these indices in April is 2%. The SPDR S&P 500 ETF (SPY) performance chart from StockCharts.com highlights these trends. Despite past performance, investors are reminded to manage risk and watch for potential trend changes.
March 28, 2024 | 2:53 pm
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The SPDR S&P 500 ETF (SPY) reflects historical April gains, showing an average increase of 2% in line with the S&P 500's performance. This trend is supported by data from StockCharts.com.
Given the historical performance of the S&P 500 in April and the SPY ETF's role as a direct reflection of this index, it's likely that SPY will experience similar gains. However, investors should consider the disclaimer about past performance not guaranteeing future results.
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RELEVANCE 90