July Is the S&P 500's Best Month — 5 Tech Stocks Lead the Way
The S&P 500 averages 2.56% gains in July over 20 years. A select group of large-cap tech stocks consistently outperforms that benchmark.
July has long been the strongest month on the calendar for U.S. equities, and historical data reinforces that reputation heading into the summer stretch. The S&P 500, tracked by the SPDR S&P 500 ETF Trust (SPY), has posted an average gain of 2.56% during July over the past two decades — the highest average return of any single month — closing in positive territory 80% of the time and finishing green in each of the last 11 consecutive Julys.
That consistent seasonal tailwind creates a compelling backdrop for equity investors looking to position ahead of the month. While the broad index already delivers reliable summer gains, a handful of large-cap technology stocks have historically outpaced even that favorable benchmark, according to data compiled on TradingView covering the same 20-year window.
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Among the names drawing attention is Apple, whose stock is exhibiting what analysts describe as an upward bias entering the month. The iPhone maker's trajectory into July is being closely watched by traders who see seasonal momentum compounding with the company's own fundamental story. Four additional tech stocks round out the group identified as consistent July outperformers relative to the broader market.
The pattern underscores a broader truth about seasonality in markets: while no historical trend guarantees future results, a streak of 11 straight positive Julys for the S&P 500 represents a degree of consistency that portfolio managers find difficult to ignore. Technology's structural weight in the index also means that when large-cap tech leads, the entire market tends to benefit.
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