Stock market tends to be higher in July; Second half historically strong for stocks

From CNBC: 2024-07-03 13:36:00

1945, according to LPL Financial.Based on data since 1950, the S&P 500 tends to end July higher about 72% of the time, Wells Fargo Investment Institute said in a note this week.Santa Claus rally?The market also could be setting up for a strong second half. The second half of the year tends to be better for the stock market than the first, according to LPL Financial.”Since World War II, the S&P 500 has gained an average of 5.7% in the second half of the year following a first-half return of between 10% and 20%,” wrote Jill Carey Hall, senior U.S. equity strategist at Bank of America Global Research.



Read more at CNBC: Stock market news for July 3, 2024