— This is the script of CNBC's news report for China's CCTV on February 10, Monday.
Welcome to the CNBC Business Daily.
As the Winter Olympics get underway in Sochi, CNBC's Sheila Dharmarajan takes a look at how the stock market has traditionally performed during the global games:
The world is watching Sochi, Russia, as the Winter Olympics get under way. It's also been an incredibly volatile time for the US equity markets.
So how have markets performed during the Olympic Games? Well, Bespoke Investment Group has crunched the numbers.
On average, not so bad. Over the past 20 years, if you look at the period between the opening ceremonies and the closing ceremonies, the S&P 500 on average, has gained about 1.1%. Winter Olympics though have fared a bit worst, on average gaining only about nine-tenths of 1%.
Here's what's interesting - the Olympics may be a harbinger for volatility to come in the markets. In fact, the year following the Olympics, on average, markets have had either a double digit gain or a double digit decline 70% of the time. Sheila Dharmarajan, CNBC.
Li Sixuan, from CNBC's headquarters.
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