Over the recent 21 years April is the top-ranked month for DJIA, S&P 500 and Russell 1000. April ranks #2 S&P 500 and NASDAQ. Average gains over the period range from a low of 1.91% by NASDAQ to a respectable 2.30% by DJIA. The first half of April used to outperform the second half, but since 1994 that has no longer been the case. In fact the second half of April is just as strong over the recent 21-year period.
Early April trading is usually positive for the first 4 days then flattens off around the seventh trading day. At which point, there is just a hint of weakness heading into mid-month. Then the market tends to resume its charge higher through month’s end. DJIA tends to close out the month strongest with NASDAQ closing weakest. This year the market is enjoying above average gains so far this April. NASDAQ is strongest, up 4.40% as of yesterday’s close. Russell 2000 is the laggard, up a modest 0.99%.