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DJIA Up Nine Straight on June’s First Trading Day

According to the Stock Trader’s Almanac 2022 (page 90), the first trading day of June is the fifth weakest first trading day of all twelve months with DJIA gaining just 442.36 total points since 1998. Over the past 27 years, DJIA’s first trading day of June has produced gains 74.1% of the time with an average gain of 0.06% in all years. Sizable losses in 2002, 2011 and 2012 limit overall performance. S&P 500 has advanced 63.0% of the time. NASDAQ has been slightly weaker at 55.6%. Russell 2000 has advanced 66.7% with the strongest average performance of 0.23%. Following three straight losses from 2010 to 2012, DJIA has advanced nine straight years on the first trading day of June.

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