The tendency for Monday to have a negative return is the __________ effect.
A) point-and-figure
B) January
C) harami
D) support
E) day-of-the-week

Question

Quizplus · Accepted Answer

The tendency for Monday to have a negative return is commonly known as the day-of-the-week effect. This effect suggests that stock prices tend to be lower on Mondays compared to the rest of the week. The reasons behind this phenomenon are not entirely clear, but some theories suggest that it may be due to investors' sentiment and trading behavior at the start of the week.

The Tendency for Monday to Have a Negative Return Is