S&P Moves on the Day After Election Day, from Prof. Charles Pennington
Open to
Election Day Close Day after Open Close Open Move Close Move
11/4/1986 246.3 11/5/1986 245.7 247.2 -0.6 +1.5
11/8/1988 275.1 11/9/1988 274.0 274.1 -1.1 +0.1
11/6/1990 311.8 11/7/1990 312.1 307.3 +0.3 -4.9
11/3/1992 419.9 11/4/1992 418.5 416.2 -1.4 -2.3
11/8/1994 467.0 11/9/1994 471.6 465.8 +4.7 -5.8
11/5/1996 715.4 11/6/1996 715.8 729.4 +0.4 +13.6
11/3/1998 1114.0 11/4/1998 1125.5 1124.6 +11.5 -0.9
11/7/2000 1444.0 11/8/2000 1445.0 1413.3 +1.0 -31.7
11/5/2002 914.0 11/6/2002 920.5 925.7 +6.5 +5.2
11/2/2004 1130.6 11/3/2004 1145.8 1145.1 +15.2 -0.7
11/7/2006 1389.0 11/8/2006 1382.5 1391.6 -6.5 +9.1