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Friday
Jan132012

Historically, Friday the 13th Not So Unlucky for Stocks

Hemera/Thinkstock(NEW YORK) -- While Friday the 13th is notorious for bad luck, the stock market seems to buck the trend, according to historical data.

Bespoke Investment Group, a stock market research firm and money management group, crunched the numbers for Friday the 13th from 1945 until present and found what usually is a day of doom and gloom for the superstitious isn’t for most traders.

Stocks have shown an average positive return on Friday the 13ths of 58.6 percent from 1945-2011, according to the analysis, with an average Dow Jones Industrial Average daily return of 0.08 percent.

“Even though it’s considered an unlucky day, it’s not necessarily reflected in the stock market,” Paul Hickey, co-founder of Bespoke Investment Group, told ABC News. “There’s not a real reason behind it, but compared to everyday, the returns are better.”

This Friday, though, looks like the number 13 may prove to be unlucky. The Dow Jones Industrial Average fell 127 points by mid-morning on bad economic news from Europe and falling profit reported by JPMorgan Chase, the nation’s biggest bank.

Copyright 2012 ABC News Radio







ABC News Radio