Here's Stock Market Performance During Thanksgiving Week Over Last 50 Years
Thursday, Nov 21, 2024 3:24 am ET
1min read As Thanksgiving approaches, investors can anticipate lighter trading volumes due to the holiday-shortened week, with markets shuttered on Thursday and a half-day session on Friday, closing at 2 p.m. ET. In anticipation of this distinctive period, here's historical market performance during Thanksgiving week.
Historically, Thanksgiving week has been kind to the bulls. Over the last five decades, the S&P 500 Index (SPX) has seen an average increase of 0.64%, with a positive return in 70% of the instances. In contrast, the average gain for other weeks is a more modest 0.17%, with positive returns 56% of the time. This pattern suggests a favorable market sentiment during the Thanksgiving holiday period.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.