Day After Fourth Of July Is Historically A Down Day For US Stock Market
Portfolio Pulse from Michael Juliano
Historical data suggests that the day after the Fourth of July is typically a down day for the US stock market, with the Dow Jones Industrial Average and S&P 500 Index often experiencing declines. The Dow Jones has fallen in seven out of the last ten years, while the S&P 500 has declined in six out of the last ten years.
July 05, 2024 | 3:00 pm
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NEGATIVE IMPACT
The Dow Jones Industrial Average has historically fallen on the trading day following the Fourth of July in seven out of the last ten years.
Historical data shows a consistent pattern of the Dow Jones declining on the trading day after the Fourth of July, suggesting a potential short-term negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 Index, tracked by SPDR S&P 500 ETF Trust (NYSE:SPY), has declined on the next trading day after the Fourth of July in six out of the last ten years.
Historical data indicates that the S&P 500 often declines on the trading day after the Fourth of July, suggesting a potential short-term negative impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100