Will Good Friday Bring a Better Monday?

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Dow Continues Three Day Streak
Andrew Burton/Getty Images
By Pradip Sigdyal

The S&P 500 (^GPSC) this week had its best weekly gain since July, up about 3 percent, but if history is any indication, those gains may evaporate on Monday.

Monday's have been a tough day for stocks this year with indexes closing negative over 67 percent of the time, and after a Good Friday, stocks still may not find a relief.

Historically, U.S. stocks tend to trade down on the Monday following a Good Friday, with the Nasdaq composite (^IXIC) leading the biggest decline.

Since the inception of Nasdaq in 1971, the index posted a loss over 62 percent of the time, down on average 0.33 percent.

Other major indexes -- the Dow (^DJI) and S&P 500 also followed suite with losses over 55 percent of the time on Monday following the holiday.

On a positive note, stocks tend to trade up the week after.

Not surprisingly, Nasdaq has led the market with gains over half a percent while the Dow and S&P followed with modest gains over 0.2 percent.

The markets have been closed now for more than 100 years since the last time they opened on Good Friday in 1907.

Here's a look at how indexes performed the week after the observance of this religious holiday in the last 14 years:

Week After Good Friday
Year DJIA S&P 500 Nasdaq
2000 -1.02 1.25 5.95
2001 4.47 5.03 10.3
2002 -1.27 -2.15 -4.08
2003 -0.38 0.59 0.63
2004 0.1 -0.41 -2.78
2005 -0.37 0.13 -0.31
2006 1.88 1.72 0.72
2007 0.41 0.63 0.83
2008 -1.17 -1.07 0.14
2009 0.59 1.52 1.24
2010 0.64 1.38 2.14
2011 2.44 1.96 1.89
2012 -1.61 -1.99 -2.25
2013 -0.09 -1.01 -1.95
Average 0.33 0.54 0.89


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15 Comments

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thefacts22

This Nation is in big trouble,there is no hope under this regime

April 18 2014 at 5:36 PM Report abuse +1 rate up rate down Reply
1 reply to thefacts22's comment
teapartyisdying.uall

Nice fox news spin, it's the TPGOP who is blocking and obstructing hope and change. Check you facts before you post lies...........

April 18 2014 at 8:10 PM Report abuse -1 rate up rate down Reply
1 reply to teapartyisdying.uall's comment
d.barack

Harry Reid is in the GOP ? hmmmmmmmmm, very interesting.

April 19 2014 at 11:19 AM Report abuse rate up rate down
ttimejer

so how come schools down south are in session on GOOD FRIDAY bust closed on m.l.k.day??

April 18 2014 at 2:54 PM Report abuse +1 rate up rate down Reply
1 reply to ttimejer's comment
d.barack

We give up, why ?

April 18 2014 at 2:57 PM Report abuse +1 rate up rate down Reply
d.barack

In the words of Hillary Clintoon, " What difference does it make ? "
The FED will keep dumping money on the banks to try to stimulate the anemic economy, which will keep the debt soaring higher, and the goons will just keep hiking up the debt ceiling, so they can keep redistributing the wealth around the globe, as the serfs continue to struggle survive.
Grab what you can before the next crash.

April 18 2014 at 1:32 PM Report abuse +1 rate up rate down Reply
d.barack

Yellen is still dumping funny money, started by Ben Bernanke, so why wouldn't the market keep an even pace upward ?

April 18 2014 at 1:22 PM Report abuse +2 rate up rate down Reply
mily469

always.

April 18 2014 at 12:32 PM Report abuse -1 rate up rate down Reply
slightlyadrift86

Not with going back to manipulation of oil / energy trade. Looks like we are heading back towards that slippery slope again. There is so much oil around right now here that is being exported, & so much in all of our harbors waiting to come in. With higher food prices recently, and energy taking more out of pocket, this is not what is needed to anchor a more stable market. I believe its a sign of a weak forecast to come.

April 18 2014 at 9:44 AM Report abuse +5 rate up rate down Reply
1 reply to slightlyadrift86's comment
d.barack

Manipulation is approved by the Goons on Capitol Hill.

April 18 2014 at 2:57 PM Report abuse +2 rate up rate down Reply
2 replies to d.barack's comment
jdykbpl45

And the goon in charge, Obama!

April 18 2014 at 5:10 PM Report abuse +2 rate up rate down
thefacts22

We will pay for all this "manipulation"we are really in big trouble,and the whole world KNOWS

April 18 2014 at 5:38 PM Report abuse -1 rate up rate down
obielies

america is closed n will stay closed untill obamit is removed from our white house in handcuffs along with his unconstitutional ,unaffordable welfare "hell" care. !!!!

April 18 2014 at 9:31 AM Report abuse -4 rate up rate down Reply
scottee

will good Friday bring a better Monday?

not as long as politicians choose power and money and votes over fiscal and personal responsibility. not as long as we keep re-electing the same people. they don't care about us. they only care about power and their luxury lifestyle and their campaign donors. look closely and think about it. our ONLY power is at the ballot box.

April 18 2014 at 7:18 AM Report abuse +13 rate up rate down Reply
1 reply to scottee's comment
d.barack

You could vote for Mickey Mouse, the electorates are bought up by the billionaires.
Kickbacks and payoffs is the way things get done in America. Enjoy your serfdom.

April 18 2014 at 2:45 PM Report abuse rate up rate down Reply