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Fri Aug 30, 2019, 02:30 PM

Market history says a rocky August points to a worse September

Stock market investors hate to see Summer end, and itís not because they fear shorter days or back-to-school.

August is typically a weak month for stock market performance, and September is the only month that, on average, is worse for equity market prices.

Since 1937, the average monthly performance of the S&P 500 index and the Dow Jones Industrial Average is a 1% decline, while the Nasdaq Composite indexhas seen an average fall of 0.5%, according to Dow Jones Market Data.

Such performance would not be welcome news for equity market investors, who suffered through a 1.9% August decline for the Dow, a 2% loss for the S&P and a 2.9% drop for the Nasdaq. These are the worst August performances for all three benchmarks since 2015.

And following an August when the S&P 500 has fallen more than 1.5%, the Dow performs worse, down 1.1%, while the Nasdaq tends to decline by 0.8%. The S&P 500 does a bit better than the average September following an August decline of 1.5% or more, falling 0.9%.


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