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June Usually a Good Month for NASDAQ Stocks

June has shone brighter on NASDAQ stocks over the last 47 years as a rule ranking ninth with a 0.6% average gain, up 25 of 47 years.

 

By Jeffrey Hirsch

 

This contributes to NASDAQ’s(NYSEARCA:QQQ) “Best Eight Months” which ends in June. June ranks near the bottom on the Dow Jones Industrials (NYSEARCA:DIA) just above September since 1950 with an average loss of 0.3%. S&P 500 (NYSEARCA:SPY)performs similarly poorly, ranking tenth, but essentially flat (–0.02% average). However, small caps tend to fare well in June. Russell 2000(NYSEARCA:IWM) has averaged 0.6% in the month since 1979.

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In midterm years since 1950, June ranks no better than ninth. June is the #12 DJIA, S&P 500 and Russell 1000 month in midterm years. Average losses range from 1.4% by Russell 1000 to 1.9% from S&P 500. Of the five indexes, none has a winning track record in June. All have declined more than they have risen.