U.S. equity performance generally split on Election Day
During the seven presidential election days the stock market has been open starting in 1984, U.S. equities have risen on four occasions and fallen on three days. The small sample size reveals the median Election Day return for the Russell 3000 has been 0.42%. The average return has been significantly higher at 0.78%; skewed largely by the 3.77% rise in 2008 when President Obama won the election amid a backdrop of dizzying market volatility during the fall of 2008 that carried into the winter of 2009.
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