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S&P 500 performance around MLK holiday is mixed

Stocks have shown a mixed performance around the Martin Luther King Day holiday over the past decade.

For the past two years the S&P 500 spx -0.49% has shown gains on the Tuesday after the holiday. But for the previous eight years the index saw declines ranging from -0.3% in 2007 to -5.6% in 2009.

2011 saw the best two-day performance over the Friday before and the Tuesday after the holiday, as the S&P 500 logged consecutive gains.

Here’s a look at stocks’ performance going into and coming out of the Martin Luther King Day holiday:
MLK holiday date S&P 500 change prior Friday S&P 500 level on MLK day S&P 500 change following Tuesday
1/21/2002 -1.0% 1127.58 -0.7%
1/20/2003 -1.4% 901.78 -1.6%
1/19/2004 0.7% 1139.83 -0.1%
1/17/2005 0.6% 1184.52 -0.8%
1/16/2006 0.1% 1287.61 -0.4%
1/15/2007 0.5% 1430.73 -0.3%
1/21/2008 -0.6% 1325.19 -1.1%
1/19/2009 0.8% 850.12 -5.6%
1/18/2010 -1.1% 1136.03 1.2%
1/17/2011 0.7% 1293.24 0.1%
1/16/2012 -0.5% 1289.09 ? %