WMT - Solar Eclipse On April 8 Could Give Whopping $1.5 Billion Boost To Businesses | Benzinga
While some investors often look to the stars for strategies, one unique analysis sheds light on how the stock market responds to solar eclipses in the U.S.
The examination reveals a surprisingly positive correlation between these celestial events and market performance.
The upcoming eclipse on April 8 has generated buzz among astronomy enthusiasts and investors looking for signs of market movement.
Though Wall Street won't witness the total eclipse, the partial eclipse that will be visible there is generating excitement.
A historical review by Sam Stovall, chief investment strategist at CFRA Research, uncovered the Dow Jones Industrial Average's behavior during years marked by total solar eclipses. Interestingly, the Dow has shown a tendency to climb in these periods.
Out of 13 total solar eclipse events since 1900, the Dow ended the year on a high note 10 times. In 1954, the Dow experienced a significant upturn, soaring by 44%, marking the most impressive gain among the eclipse years that were analyzed.
- Additional years with substantial growth included a 30% rise in 1925, a 26.6% increase in 1945, and a 25.1% ...