Market performance before and after Labor Day

August 27, 2014 12:33 PM

In recent years, Labor Day has become the unofficial end of summer and the three-day weekend has become prime vacation time for many. Business activity ahead of the holiday was more energetic in the old days. From 1950 through 1977 the three days before Labor Day pushed the DJIA higher in twenty-five of twenty-eight years. Bullishness has since shifted to favor the two days after the holiday as opposed to the days before. DJIA has gained in 14 of the last 21 Tuesdays and 15 of the last 21 Wednesdays following Labor Day. S&P 500 and NASDAQ have been slightly less bullish on the Tuesday and Wednesday after Labor Day.

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