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In some stock markets, the October Effect also referred to as the Mark Twain effect is the phenomenon of stock returns in October being lower than in other months. [1] The reference to Mark Twain comes from a line in Mark Twain's Pudd'nhead Wilson: "October. This is one of the peculiarly dangerous months to speculate in stocks.
The two-month period is a magnet for adverse market shocks to play out, such as Black Monday in 1987, the 9/11 attacks of 2001, and the failure of Lehman Brothers amid the Global Financial Crisis ...
Merck delivered a solid earnings report at the end of the month, but the stock still fell on the news. Revenue in the quarter rose 4% to $16.7 billion, which was ahead of the consensus at $16.46 ...
The dog days of summer are usually bad months for the stock market, and that is playing out this year. Early last month saw stocks tumble as U.S. economic data raised fears of a recession, and the ...
Even outside an election year, September is a challenging month for stocks in a non-election year. But when voters head to the polls, seasonal volatility can extend as far as mid-October. SoFi's ...
Finally, DeGraaf said that technology stocks, which have been leading the market higher since the bull market started in October 2022, typically underperform in the three months following the ...
Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos were program trading and illiquidity, both of which fueled the vicious decline for the ...
The New York Stock Exchange reopened that day following a nearly four-and-a-half-month closure since July 30, 1914, and the Dow in fact rose 4.4% that day (from 71.42 to 74.56). However, the apparent decline was due to a later 1916 revision of the Dow Jones Industrial Average, which retroactively adjusted the values following the closure but ...