As of mid-day today, the Dow is up over 1% but still down nearly 5% from its highest close of the year (a 15-month high) reached on January 19. So will Mardi Gras help the U.S. Indexes rebound to new monthly highs? Unfortunately in this this case, it's only wishful thinking as stocks historically tend to downtrend on Mardi Gras. Nevertheless, looking forward the markets will have something to cheer about as the major indexes have averaged decent gains following the 40-day lent period leading up to Good Friday. Here are the historical averages for the major indices.
Dow since 1900:
S&P since 1928:
Nasdaq Composite since 1971:
Leading the Dow in today's noon session are Chevron , Boeing, Procter & Gamble , 3M Company, and Merck .
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