S&P 500 in November: seasonality and history
Since 1957, the S&P 500 has risen in November in 71% of years (49 of 69), with an average return of +1.77% and a median of +2.15%. That makes November its #1 month of 12.
Average+1.77%
Years up71%
Best year2020 · +10.75%
Worst year1973 · −11.39%
The seasonal path through November
Cumulative sum of each day's average return through November, all years since 1957.
| Strongest days | Avg | Up |
|---|---|---|
| Nov 24 | +0.51% | 79% |
| Nov 5 | +0.31% | 70% |
| Nov 3 | +0.31% | 66% |
| Weakest days | Avg | Up |
|---|---|---|
| Nov 19 | −0.35% | 43% |
| Nov 20 | −0.13% | 57% |
| Nov 9 | −0.12% | 46% |
Seasonal trend windows touching November
- ▲ Bullish Oct 28 – Nov 16 · 20 days · seasonal Σ +2.65%
- ▲ Bullish Nov 21 – Dec 10 · 20 days · seasonal Σ +2.37%
November in recent years
| Year | S&P 500 in November |
|---|---|
| 2025 | +0.13% |
| 2024 | +5.73% |
| 2023 | +8.92% |
| 2022 | +5.38% |
| 2021 | −0.83% |
| 2020 | +10.75% |
| 2019 | +3.40% |
| 2018 | +1.79% |
| 2017 | +2.81% |
| 2016 | +3.42% |
Questions
Is November a good month for the S&P 500?
On average, yes: +1.77% since 1957, rising in 71% of years. But the range is wide, from −11.39% in 1973 to +10.75% in 2020, so an average is a tendency, not a forecast.
What are the strongest days in November?
Nov 24 (+0.51%, up 79% of years), Nov 5 (+0.31%, up 70% of years), Nov 3 (+0.31%, up 66% of years).