Tuesdays Prove Happier Than Friday Night With 9% Gain in S&P 500
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Tuesdays are generally a pretty boring day. The Monday blues have faded somewhat, yet it’s still too early in the week for respectable people to tie one on at a happy hour. It’s not even known as a “must see” night for television.
In the U.S. stock market, however, Tuesday is turning out to be the most exciting day of the week this year. Of the 16 Tuesdays that have come and gone so far in 2014, the Standard & Poor’s 500 Index has risen on 14 of them for a cumulative return of more than 9 percent. That’s not too shabby considering that when all days are counted, the benchmark gauge is only up about 1 percent for the year as of today’s open and cumulative returns are negative on each of the other four days.