Summer Fridays Turn Gloomy as Stock Investors Play It Safe
Why Summer Fridays Are So Gloomy for Stocks
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Happy Friday? Maybe if you’re at the beach. For equity investors, the last day of the week has been a bit of a downer this summer.
Before today, the Standard & Poor’s 500 Index ended with losses for 10 of the past 12 Fridays, the first time that’s happened since 2007, according to data compiled by Bloomberg and Sundial Capital Research Inc.