Something for the bulls: November is typically the best month for the stock market

Wall Street may have some optimism to look toward if past market trends hold true into next month. November is typically an outperforming month for Wall Street, according to data from the "Stock Trader's Almanac." The benchmark S & P 500 and the Dow Jones Industrial Average have each historically posted an average gain of 1.7% in November, dating back to 1950. Meanwhile, the tech-heavy Nasdaq Composite has climbed an average of nearly 2% in November, dating back to 1971.

"Using the history of the seasonal cycles and the patterns that we look at, set up a very typical late October low potentially, and we listen to our history and we listen to our cycles and that's what it's telling us," he said.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock Market Today: Stocks higher as bond markets lay tame into huge week on Wall StreetA Fed rate decision, a big week of earnings and a new Treasury borrowing statement will keep stock markets busy and test the return of global risk appetite.
Herkunft: startelegram - 🏆 248. / 63 Weiterlesen »

Analyst calls: All the market-moving chatter from Wall Street on Monday morningCheck out the market-moving analyst calls and latest chatter on Wall Street today.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Apple earnings, Fed decision and jobs data top Wall Street week aheadInvestors are preparing for another busy week of earnings, including McDonald's and Apple, as well as ADP's private employer jobs report and the government's jobs data for October.
Herkunft: FoxBusiness - 🏆 458. / 53 Weiterlesen »

Wall Street’s ‘Hell Week’ with Fed, earnings, jobs data and Treasury funding on deckWall Street will need to pass a series of stern tests this week if it wants to keep hopes of an end-of-year rally alive.
Herkunft: startelegram - 🏆 248. / 63 Weiterlesen »

Goldman says sell-off is a buying opportunity for these stocks with healthy balance sheetsThe Wall Street investment bank recommends those underperforming cyclical stocks that offer strong fundamentals.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »