Following the best September in 71 years for stocks, will the markets continue trending up?
Here is a look at how the major US averages performed after a positive September.
S&P 500
- In the past 30 years, the S&P closed up in September 14 times, or 47% of the time
- Of the 14 instances that the S&P was positive in September, the index followed with a gain in October 9 times, or 64% of the time
- The average gain in October when September was positive stands at 1.64%
- The biggest gain in October following a positive September was recorded on 1982, when the index rose 11.04
Dow
- In the past 61 years, the Dow closed up in September 24 times, or 39% of the time
- Of the 24 instances that the Dow was positive in September, the index followed with a gain in October 13 times, or 54% of the time
- The average gain in October when September was positive stands at 0.53%
- The biggest gain in October following a positive September was recorded in 1998, when the index rose 9.56%
NASDAQ Composite
- In the past 22 years, the NASDAQ closed up in September 14 times, or 64% of the time
- Of the 14 instances that the NASDAQ was positive in September, the index followed with a gain in October 8 times, or 57% of the time
- The average gain in October when September was positive stands at 1.16%
- The biggest gain in October following a positive September was recorded in 1999, when the index rose 8.02%
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