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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POSITIVE IMPACT
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.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90