DJIA and S&P 500 Higher 61.9% of the Time on First Trading Day of Q2

According to the Stock Trader’s Almanac 2022, the first trading day of April is DJIA’s fourth weakest first trading day of all months based upon total points gained. However, looking back at the last 21 years, in the tables below, we can see DJIA and S&P 500 have both advanced 61.9% of the time (up 13 of last 21) with average gains of 0.09% and 0.16% respectively. NASDAQ and Russell 2000 have similar track records, and both have been up more frequently then down. Five declines in the last nine years (the largest in 2020) have weighed on long-term performance.