What the stock market typically does after the U.S. election, according to history
The post What the stock market typically does after the U.S. election, according to history appeared on BitcoinEthereumNews.com.
Traders work on the floor at the New York Stock Exchange on Oct. 24, 2024. Brendan McDermid | Reuters Stocks typically rise after a presidential election — but investors need to be prepared for some short-term choppiness first, history shows. The three major benchmarks on average have seen gains between Election Day and year-end in the presidential election year going back to 1980, according to CNBC data. However, investors shouldn’t be expecting a straight shot up in the market after polls close. The S&P 500 after the election Election Date Day After Week After Month Later Year End 11/3/2020 2.20% 5.23% 8.83% 11.48% 11/8/2016 1.11% 1.91% 4.98% 4.64% 11/6/2012 -2.37% -3.77% -1.01% -0.15% 11/4/2008 -5.27% -10.62% -15.96% -10.19% 11/2/2004 1.12% 2.97% 5.29% 7.20% 11/7/2000 -1.58% -3.42% -6.17% -7.79% 11/5/1996 1.46% 2.16% 4.23% 3.72% 11/3/1992 -0.67% -0.31% 2.38% 3.76% 11/8/1988 -0.66% -2.48% 0.52% 0.93% 11/6/1984 -0.73% -2.61% -4.49% -1.86% 11/4/1980 2.12% 1.72% 5.77% 5.21% Average -0.30% -0.84% 0.40% 1.54% Median -0.66% -0.31% 2.38% 3.72% Source: CNBC In fact, the three indexes have all averaged declines in the session and week following those voting days. Stocks have tended to erase most or all of those losses within a month, CNBC data shows. This means investors shouldn’t be anticipating an immediate pop on Wednesday or the next few days after. The Dow after the election Election Date Day After Week After Month Later Year End 11/3/2020 1.34% 7.06% 9.06% 11.38% 11/8/2016 1.40% 3.22% 6.99% 7.80% 11/6/2012 -2.36% -3.70% -1.30% -1.07% 11/4/2008 -5.05% -9.68% -12.98% -8.82% 11/2/2004 1.01% 3.49% 5.47% 7.45% 11/7/2000 -0.41% -2.48% -3.06% -1.51% 11/5/1996 1.59% 3.04% 5.85% 6.04% 11/3/1992 -0.91% -0.83% 0.74% 1.50% 11/8/1988 -0.43% -2.37% 0.67% 1.93% 11/6/1984 -0.88% -3.02% -5.92% -2.62% 11/4/1980 1.70% 0.73% 3.55% 2.86% Average -0.27% -0.41% 0.83% 2.27% Median -0.41% -0.83% 0.74% 1.93% Source: CNBC That’s…
Filed under: News - @ November 4, 2024 7:26 pm