We've Witnessed the Stock Market Do This 19 Times in 76 Years, and Equities Have Been Higher One Year Later 100% of the Time
Key PointsThe artificial intelligence (AI) infrastructure build-out has been instrumental in pushing the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite to new highs.
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite indices showcased remarkable gains this year, fueled by artificial intelligence infrastructure expansion, strong earnings, and record share buybacks. After the midterm elections on November 5th, the Nasdaq Composite experienced its biggest single-day point drop ever at 1,422 points.
However, historical data from Morgan Stanley reveals that the S&P 500 has consistently performed well in the months following midterm elections since 1950. In fact, over the past 19 midterm elections, the S&P 500 has been higher both six and 12 months after each one. Additionally, November's performance following midterm elections has been particularly strong, with the S&P 500 being higher 100% of the time.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
