Summer Solstice Blues: How The Stock Market Usually Performs On The Longest Day Of The Year

Zinger Key Points
  • Thursday, June 20th marks 2024's summer solstice, the longest day of the year.
  • The markets have performed poorly on the summer solstice in recent years.

The summer solstice, Thursday, June 20, is the year’s longest day. Kids and adults alike enjoy the sunshine (or in this year’s case, a heatwave).

But how do the markets generally perform?

The Data: In the last 10 years, according to Yahoo Finance, the summer solstice has fallen on a day when the financial markets are open seven times.

During those seven days, the SPDR S&P 500 ETF Trust SPY has fallen on six out of the last seven summer solstices since 2013.

On June 20:

  • 2013, the S&P 500 fell 1.5%
  • 2016, the S&P 500 dropped 0.5%.

On June 21:

  • 2017, the S&P 500 cooled by 0.2%.
  • 2018, the S&P 500 posted losses of 0.6%.
  • 2019, the S&P 500 fell by 0.04%.
  • 2023, the S&P 500 fell by 0.3%

The one exception to the rule came in 2022: the S&P 500 posted gains of 0.8% on the year’s longest day.

Price Action: Will the market’s summer solstice blues continue in 2024? It will be a close call. At the time of writing, the SPY ETF is trading at $548.80, up by 0.06%.

Now Read: Jobless Claims Exceed Estimates, Philly Fed Index Declines, Housing Starts And Permits Fall Sharply: Thursday’s Economic Digest

Market News and Data brought to you by Benzinga APIs
Posted In: S&P 500Stories That Matter
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!