October was a bleak month for the stock market, but history says that there could be relief in store for at least these four Dow Industrial companies.
Despite a bleak month in October for the stock market, there may be some good news in store for at least four stocks in the Dow Jones Industrial Average . All three major market indexes are in the red this month, with the Dow off by 1.5% since the end of September. But investors may find some relief heading into the year end, since historically November has been a strong month for stocks.
Pro looked at the average monthly performance for all the stocks that are now in the Dow, going back the past 20 years. Of the 30 stocks included in the average, four of them have historically posted their biggest gain of the year each November. For example, shares of Caterpillar have on average gained 5.1% in November, a stark contrast to their 17% selloff so far this month on the back of poor forward guidance.
's Christopher Hayes contributed to this report.
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