Small Caps Usually Gain After Labor Day
In the last 21 years, only Russell 2000 (NYSEARCA:IWM) has registered an average gain of 0.16% on the Tuesday after the long Labor Day weekend.
DJIA(NYSEARCA:DIA), S&P 500(NYSEARCA:SPY) and NASDAQ(NYSEARCA:QQQ) have struggled with negative average performance. NASDAQ and Russell 2000 have been up five of the last eight years, but DJIA, S&P 500, NASDAQ and Russell 2000 all have fallen for the last three years on Tuesday. On Wednesday the market’s performance has been varied. DJIA has performed the best, up 76.2% of the time with an average gain of 0.25%. S&P 500 is worst, up only 42.9% of the time with an average gain of 0.13%.