News Formal

Fed meeting comes during historically tough week for US stocks

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The U.S. stock market could be set for a rocky second half of September, particularly the week after the September 15 monthly options expiration, a Nomura Securities analysis of data going back more than three decades, shows. The so-called 'September Effect,' the apparent trend where U.S. stock market returns are relatively soft in September, has been especially acute for stocks in the week after options expiration, according to Nomura. In 26 of the last 33 years, the S&P 500 Index fell in the week following the September options expiration, with a median drop of 1%, the analysis showed.

Traders work on the floor of the NYSE in New YorkNEW YORK - The U.S. stock market could be set for a rocky second half of September, particularly the week after the September 15 monthly options expiration, a Nomura Securities analysis of data going back more than three decades, shows.

In 26 of the last 33 years, the S&P 500 Index fell in the week following the September options expiration, with a median drop of 1%, the analysis showed. Nomura strategist Charlie McElligott said the weakness may be linked to selling related to the fiscal year-end for mutual funds and tax-related selling by households.

Additionally, stocks can come under pressure in September as individual investors may sell to pay their estimated taxes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market should 'right size' expectations for Fed pause, strategist saysThe stock market currently has too rosy an outlook on the Fed's interest rate path, according to Oppenheimer's Chief Investment Strategist John Stoltzfus.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »