The last day of March ended on somewhat of a sour note for the US stock market, but the first quarter has been quite positive overall. Small cap value and small cap growth led the way with gains of 11.5% and 9.8% respectively. The S&P 500 was up 5.6%.
The first day of the second quarter has been very favorable lately. I compiled data for the S&P 500 returns.over the last ten years. There were seven up days and three down days. The average daily return for the last 10 years is 0.60%.
In 2008, the S&P was up 3.59%, and it was up 1.66% last year. It will be interesting to see if the streak continues tomorrow. The e-mini is up 1.00 so far (10:30 PM EST) but it is too early to tell.
|S&P 500 Index Closing prices|
|Last day of March||First day of April|