The S&P 500 finished lower for a third consecutive trading day to start the week. After dropping 0.92% on Friday, the index fell another 0.81% today.
Below is an updated look at the S&P 500’s performance by weekday so far this year. As shown, if it weren’t for Mondays, the market would be doing much better this year! The S&P has averaged a decline of 0.12% on Mondays in 2016, which has been the worst trading day of the week. And if we didn’t have Tuesdays and Fridays — the only two trading days that have averaged gains this year — things would look a whole lot worse.