Stocks jumped to a record on the first trading day of 2020

Posted on January 2, 2020

The stock market’s performance in the first five days of a given year can sometimes predict the market’s direction for the rest of the year, according to the Stock Trader’s Almanac, which studied the “first five days” phenomena going back to 1950. When stocks finish that period higher, the S&P 500 has been positive 82% of the time at year-end with an average gain of 13.6%.