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US Indices on Track for Worst August Since 2001

US stocks are on track to close the month with their worst August performance since 2001. The NASDAQ Composite is down the most among the three major indices with a decline of 5.98%. Quarter-to-date, however, all three averages are still in positive territory.

What follows is a summary of this month's statistics on the markets (Based on August 30th closing levels).

The Dow is down -456.21 or -4.36% for the month, and up 235.71 or 2.41% for Q3 so far.

  • On track to its worst August percent drop since 2001 when it declined -5.45%
  • On track to its largest monthly percent decline since 5/2010 when it fell -7.92%

The S&P is down -52.68 or -4.78% for the month, and up 18.21 or 1.77% for 3Q so far.

  • On track to its worst August percent drop since 2001 when it declined -6.41%
  • On track to its largest monthly percent decline since 6/2010 when it fell -5.39%

The NASDAQ Composite is down -134.73 or -5.98% for the month, and up 10.73 or 0.51% for 3Q so far.

  • On track to its worst August percent drop since 2001 when it declined -10.94%
  • On track to its largest monthly percent decline since 6/2010 when it fell -6.55%

>> August 2010: Best & Worst Performing Stocks

Historical Averages for August/September/Q3

Dow

  • Historically, August ranks as the third best month of the year for the Dow, yielding an average gain of 1.27%, and posting positive returns 65% of the time (Best August in 1932, up 35.76%, Worst August in 1998, down -15.1%)
  • Since 1896, the Dow recorded August percent declines of -4% or larger 17 times
  • When August is a negative month, the Dow declined -0.5%, on average, in September and, recorded an average loss of -3.28% in Q3
  • Even with a negative August, the Dow is currently tracking for its best Q3 since 2009 when it rose 14.98%
  • Q3 is on average the second worst quarter of the year with average gains of only 1.63%
  • Q4 is on average the best quarter of the year with average gains of 2.63%; yet, when Q3 is negative, Q4 yields an average gain of 2.33%
  • September ranks as the worst month of the year with an average loss of -1.18%, down 58% of the time
  • The Dow has closed up 9 out of the past 12 months

S&P 500

  • Historically, August ranks as the fifth best month of the year for the S&P, yielding an average gain of 0.87%, and posting positive returns 60% of the time (Best August in 1932, up 39.1%, Worst August in 1998, down -14.6%)
  • Since 1928, the S&P recorded August percent declines of -4.75% or larger 11 times
  • When August is a negative month, the S&P declined -0.72%, on average, in September, and recorded an average loss of -2.74% in Q3
  • Even with a negative August, the S&P is currently tracking for its best Q3 since 2009 when it rose 14.99%
  • Q3 is typically the worst quarter of the year with average gains of 1.32%
  • Q4 is typically the best quarter of the year with average gains of 2.33%; yet, when Q3 is negative, Q4 yields an average gain of 1.9%
  • September ranks as the worst month of the year with an average loss of -1.21%, down 55% of the time
  • The S&P has closed up 8 out of the past 12 months

NASDAQ Composite

  • Historically, August ranks as the eighth best month of the year, yielding an average gain of 0.4%, and posting positive returns 56% of the time (Best August in 2000, up 11.7%, Worst August in 1998, down -19.9%)
  • Since 1971, the NASDAQ recorded August percent declines of -5.75% or larger 5 times
  • When August is a negative month, the NASDAQ has declined -1.71%, on average, in September, and recorded an average loss of -7.57% in Q3
  • Even with a negative August, the NASDAQ is currently tracking for its best Q3 since 2009 when it rose 15.66%
  • Q3 is on average the worst quarter of the year with average losses of -0.37%
  • Q4 is on average the best quarter of the year with average gains of 4.17%; yet, when Q3 is negative, Q4 yields an average gain of 4.95%
  • September ranks as the worst month of the year with an average loss of -0.86%, down 46% of the time
  • The NASDAQ has closed up 8 out of the past 12 months

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Symbol
Price
 
Change
%Change
DJIA
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S&P 500
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NASDAQ
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