--- title: History Says Stocks Will Get a Boost This Week — Here’s Why description: If history is any indicator, investors can expect to see stock prices on the rise in the week following the 2023 tax deadline. authors: - name: Brenden Rearick role: Reporter url: https://money.com/author/brenden-rearick/ bio: Brenden Rearick is a former reporter at Money who specialized in covering breaking news and enterprise stories about credit cards, real estate, investing, and personal finance trends. education: University of Pittsburgh, BA at_money_since: 2023 articles: 133 covers: - Economy and Politics - Banking - Career Advice - Credit - Credit Cards - Education - Housing - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology former_staff: true editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2023-04-18T18:33:39.000Z' modified: '2024-01-10T17:54:13.000Z' section: Economy and Politics tags: - News - stocks word_count: 417 canonical: https://money.com/stocks-rise-after-tax-day/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Traders work on the floor of the New York Stock Exchange](https://img.money.com/2023/04/News-Stocks-Rise-Week-After-Tax-Day.jpg) Investors, take note: The stock market could be in for a nice short-term bump. New data from Bespoke Investment Group shows that [Tax Day](https://money.com/tax-deadlines-state-federal-extension/) historically tends to precede a week of healthy performance for [stocks](https://money.com/how-to-buy-stocks/). Previous research suggests a tendency for stocks go down in the early weeks of the second quarter, at the tail end of tax season. But a new report shows that the days *following* the tax filing deadline are a different story. There are a couple of reasons why this trend might be. The first is that investors who received a [tax refund](https://money.com/wheres-my-refund/) could be injecting that cash right back into the market. Another theory is that [earnings season](https://money.com/why-stocks-could-fall-earnings-reports/) kicks off around the same time. Here’s what the data, supplied by Bespoke Investment Group, shows about the market’s performance post-Tax Day: - In 19 out of the last 25 years, the [S&P 500](https://money.com/what-is-the-sp-500-index/) index has traded positively in the week following the tax deadline. - During this time frame, the index has seen an average gain of 0.83%. That’s almost three times greater than the one-week median gain throughout the year. ## Keep in mind Overall, the report is a positive signal for investors. However, it’s worth noting that, according to Bespoke, the stock market saw a massive dip in the week following Tax Day last year. The S&P lost over 2% that week, making for the second-worst post-tax season week in the 25-year data set (the worst year was 2018, with a loss of nearly 3%). Around that time a year ago, the Federal Reserve had just implemented its first [interest rate hike](https://money.com/interest-rate-hike-investing-strategy/) since 2018. Rate hikes, which are used by the Fed to rein in inflation, tend to have investors thinking more cautiously about their finances. Those same rate hikes — if history is any indication — could potentially [cause a recession](https://money.com/what-recession-would-mean-for-stock-market/), giving investors plenty to worry about this year. All in all, the next week could be a toss-up: History suggests gains, but the issues that helped to upend the trend last year are still causing investor anxiety today. Of course, the old adage says that past performance is no indication of future gains, and investors can find virtue in thinking of long-term prospects for stocks, rather than trying to predict short-term movements. [7 Best Online Trading Platforms of 2023](https://money.com/best-online-stock-trading/) [An ‘Earnings Recession’ Could Push Stocks Lower in the Week Ahead](https://money.com/weekly-stock-market-outlook/) [Will the Stock Market Rally Continue? Here’s What to Expect After a Strong First Quarter](https://money.com/second-quarter-stock-market-outlook-2023/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/stocks-rise-after-tax-day/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Stock Market", "item": "https://money.com/stock-market/" }, { "@type": "ListItem", "position": 4, "name": "History Says Stocks Will Get a Boost This Week — Here’s Why" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/stocks-rise-after-tax-day/#webpage", "url": "https://money.com/stocks-rise-after-tax-day/", "name": "History Says Stocks Will Get a Boost This Week — Here’s Why", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2023-04-18T18:33:39.000Z", "mainEntity": { "@id": "https://money.com/stocks-rise-after-tax-day/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/stocks-rise-after-tax-day/#breadcrumb" }, "dateModified": "2024-01-10T17:54:13.000Z" }, { "@type": "NewsArticle", "headline": "History Says Stocks Will Get a Boost This Week — Here’s Why", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2023/04/News-Stocks-Rise-Week-After-Tax-Day.jpg", "width": 2880, "height": 1920, "caption": "News-Stocks-Rise-Week-After-Tax-Day" } ], "author": [ { "@type": "Person", "name": "Brenden Rearick", "url": "https://money.com/author/brenden-rearick/", "@id": "https://money.com/author/brenden-rearick/#author", "description": "Brenden Rearick is a former reporter at Money who specialized in covering breaking news and enterprise stories about credit cards, real estate, investing, and personal finance trends.\r\n\r\n", "email": "brenden.rearick@money.com", "alumniOf": "University of Pittsburgh, BA" } ], "publisher": "https://money.com/#organization", "datePublished": "2023-04-18T18:33:39.000Z", "description": "If history is any indicator, investors can expect to see stock prices on the rise in the week following the 2023 tax deadline.", "abstract": "If history is any indicator, investors can expect to see stock prices on the rise in the week following the 2023 tax deadline.", "@id": "https://money.com/stocks-rise-after-tax-day/", "inLanguage": "en-US", "dateModified": "2024-01-10T17:54:13.000Z", "editor": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "wordCount": 417, "keywords": [ "News", "stocks" ], "about": [ { "@type": "Thing", "name": "Political economy", "sameAs": [ "https://en.wikipedia.org/wiki/Political_economy" ] }, { "@type": "Thing", "name": "Stock market", "sameAs": [ "https://en.wikipedia.org/wiki/Stock_market" ] } ] } ] } ```