TGIF! Or not, as the case may be, especially if you're an investor. The trend we saw last year of Friday being the best day for the market has not continued into 2014.
Last year the S&P 500 increased by an average of 0.26 percent on Fridays, which was by far the best performance on any single day of the week. On Fridays so far in 2014, the S&P has declined by an average of 0.16 percent. Meanwhile, Tuesday has been this year's day to watch, with an average increase of 0.55 percent.
One thing has remained consistent from last year: Mondays are the worst. In 2013, Monday was the only down day, losing an average of 0.07 percent. In 2014, it remains the worst day of the week - but the average return has dropped to a negative 0.58 percent.
No comments:
Post a Comment