As July comes to an end, will history repeat itself? Since 1987, August is the second-worst Dow and S&P month and fifth worst NASDAQ month, according to the Stock Trader's Almanac.
In the past eleven years, the Dow and S&P 500 have averaged a return of 0.42 percent and 0.70 percent, respectively, while the NASDAQ Composite has posted a gain of 0.95 percent.
The table below highlights the in August against its returns in other months. Since 2000, August has been the index’s sixth worst month:
Among the major S&P 500 sectors, nine out of ten have averaged a gain in August during the past eleven years, with defensive names such as utilites and consumer staples taking the lead.
Historic Performance in August
Dow since 1896:
S&P since 1928:
NASDAQ Composite since 1971: