Stock Market Indicators:

Historical Monthly & Annual

Returns
Yardeni Research, Inc.

September 1, 2015

Dr. Edward Yardeni

516-972-7683
eyardeni@yardeni.com

Joe Abbott
732-497-5306
jabbott@yardeni.com

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Table Of Contents

Table Of Contents

Historical Monthly Returns

Historical Returns

September 1, 2015 / Stock Market Indicators: Historical Monthly & Annual Returns

1
2

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Historical Monthly Returns

Figure 1.
100

100

S&P 500 INDEX: TOTAL NUMBER UP OR DOWN EACH MONTH 1928-2015*

80

80
64

60

55

47

54

55

50

48

50

51

51

60

51

39

40

40

20

20

-20

-20
-23

-40

-33

-41

-34

-33

-38

-40

-38

Jun

Jul

-37

-36

-36

Oct

Nov

-40

-47

-60

-60
Jan

Feb

Mar

Apr

May

Sep

Dec
8

S&P 500 INDEX: AVERAGE PERCENT UP OR DOWN EACH MONTH 1928-2015

6
4

Aug

4.4

4.2
2.9

3.3

5.1
4.0

4.0

3.2

4.1
3.3

4.0
3.0

-2

-2

-4

-3.8

-3.4

-3.8

-3.2

-3.8

-2.9

-3.2
-4.0

-4.6

-4.8

-4.7

Sep

Oct

-6

-6
Jan

2.0

-4

-4.1

Feb

Mar

Apr

May

Jun

Jul

Aug

Nov

Dec
2.0

S&P 500 INDEX: AVERAGE PERCENT CHANGE EACH MONTH 1928-2015

1.5

1.5
1.2

1.4

1.3

1.5

Average gain
1.0

1.0
0.7

0.6

0.7

0.7
0.4

.5

.5
.0

.0
-0.1

-0.2
-.5

-.5

Average loss

-1.0

-1.0
-1.0
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-1.5
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

-1.5

Dec

* No change (0.00%) month of September 1979.

Data are through August 2015.
Source: Standard & Poors Corporation and Haver Analytics.

Page 1 / September 1, 2015 / Stock Market Indicators: Historical Monthly & Annual Returns

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Historical Returns
Figure 2.
S&P 500 ANNUAL PERCENT CHANGES: 1928-2015*
20%+ level

29.6
23.5
13.4

11.4

3.5

0.0

3.0

4.5
7.1

10

-1.5

-10

-10.1
-13.0

-6.6

-9.7

-20

-23.4

-11.5

-17.4

-11.4

-13.1

30
20

9.0

12.8

13.6

19.5

20.3
12.4

14.6

26.4

34.1
27.3

26.3
1.4

2.0

25.8
1.1

12.3

14.8
17.3

19.1

0.1

40

-38.5

-29.7

-30

-38.6

-30

26.3

31.5
7.7

9.1

13.0

10.8
15.6

20.1

23.1
-14.3

-11.8

-6.6
-11.9

-15.3
-17.9

-28.5

-20

-3.0

-0.7
-5.5

-5.9
-15.1

-11.9

-10

18.9

8.5
2.6

0.0

50

31.0
26.7

38.1
21.8
10.3

10

16.5
11.8

19.4
13.8

12.4

20

26.4

30.7

27.9

30

25.2

37.1

40

41.4

50

60

45.0

46.6

60

-40

-47.1

-40
-50

-50

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-60

-60
18

20

13

20

08

20

03

20

98

19

93

19

88

19

83

19

78

19

73

19

68

19

63

19

58

19

53

19

48

19

43

19

38

19

33

19

28

19

* Annual percent changes based on year-end values except 1928, which uses Jan 3, 1928 for year-end 1927.
Source: Standard & Poors Corporation and Haver Analytics.

Figure 3.
8

S&P 500 INDEX PRICE

(percent change, monthly)

-2

-4

-6

Monthly % Chg
Oct
2.3
Nov
2.5
Dec -0.4
Jan -3.1
Feb
5.5
Mar -1.7
Apr
0.9
May
1.0
Jun -2.1
Jul
2.0
Aug -6.3

-2

-4

-6

Aug
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-8
I

II

III

IV

2013
Source: Standard and Poors Corporation and Haver Analytics.

II

III

IV

2014

Page 2 / September 1, 2015 / Stock Market Indicators: Historical Monthly & Annual Returns

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IV

2015

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