Post-Labor Day Holiday Cheer Seen in S&P 500 Track Record: Chart
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Investors who expect U.S. stocks to rise through year-end have history on their side. The S&P 500 Index has moved higher after Labor Day in every year since a bull market started in 2009, according to data compiled by Bloomberg. Gains have averaged 7.2 percent and have ranged between 1.4 percent in 2012 and 13.9 percent in 2010. The trend was mentioned by Rocky White, a quantitative analyst at Schaeffer’s Investment Research, in a post published Wednesday on the firm’s website.