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Dec.22
10:01 AM ET
Monday, 22 Dec 2008
When will Santa Arrive this Year?
Posted By:Ariel Nelson
Topics:Dow Jones Industrial Average | Stock Market
Companies:Kraft Foods Inc. | Verizon Communications | Merck & Co Inc | JPMorgan Chase and Co
 |
] is down 2.8% month-to-date. Will we see a Santa Claus rally this year?If Santa does come this year, there is a higher likelihood that he will come on Christmas Eve. Historically, the Dow has been up nearly 66% of the time on Christmas Eve. It also has done better the week following Christmas than during the week leading up to Christmas. Here is a breakdown of how the Dow has moved on the days leading up to the holidays:
- 5 Days Before Christmas: Average gain of .17%, up 53% of the time
- 4 Days Before Christmas: Average loss of .02%, up 49% of the time
- 3 Days Before Christmas: Average loss of .03%, up 53% of the time
- 2 Days Before Christmas: Average loss of .03%, up 48% of the time
- Christmas Eve: Average gain of .32%, up 66% of the time
- 1 Day After Christmas: Average gain of .11%, up 55% of the time
- 2 Days After Christmas: Average gain of .21%, up 57% of the time
- 3 Days After Christmas: Average gain of .37%, up 64% of the time
- 4 Days After Christmas: Average gain of .32%, up 65% of the time
Leading the Dow today are Citigroup [C
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], Verizon [VZ
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], Merck [MRK
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], JP Morgan Chase [JPM
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], AT&T [T
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] and Kraft [KFT
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()
].
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