NEW YORK, Sept 12 - 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: