Will Good Friday Bring a Better Monday?

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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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

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

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

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

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

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