How S&P 500 tends to perform during Thanksgiving week and into New Year's Eve
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U.S. stocks, particularly the S&P 500, generally see solid returns during Thanksgiving week, with even stronger performance in presidential election years, as per BofA Global Research.
November 25, 2024 | 6:15 pm
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POSITIVE IMPACT
The S&P 500, represented by the SPDR S&P 500 ETF Trust (SPY), tends to perform well during Thanksgiving week, with even better returns in presidential election years.
Historical data suggests that the S&P 500, and by extension SPY, experiences positive returns during Thanksgiving week. This trend is amplified in presidential election years, indicating a potential short-term positive impact on SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80