The day after the Fourth of July might be a better day to catch up on emails and phone calls rather than place bets on the market.

According to Macrotrends data, the Dow Jones Industrial Average — a stock market index of 30 prominent companies listed on U.S. stock exchanges — has fallen on the trading day following America's Independence Day in seven out of the last 10 years.

The Dow Jones lost ground on that specific day in 2014, 2016, 2017, 2019, and from 2021 to 2023. The largest slide happened when it fell 0.61% in 2016; 0.6% in 2021; and 0.42% in 2022.

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It picked up on the next trading day after the Fourth of July in 2015, 2018 and 2020. It recorded gains of 3.88% in 2020, 2.04% in 2015 and 0.75% in 2018.

The S&P 500 Index, which tracks the share performance of the 500 largest publicly traded companies in the country, has declined on the next trading day on six out of the last 10 years, according to Macrotrends data.

It took its biggest post-Fourth of July dip in 2016 when it slid 0.68%. It went down 0.39% in 2014 and 2015.

The index saw the biggest gain on the first trading day after Independence Day when it jumped 1.59% in 2020. It improved 0.86% in 2018.

Price Action: The Dow Jones lost 0.06% by late afternoon on Wednesday to come in at 39,308 points. The S&P 500, which is tracked by SPDR S&P 500 ETF Trust (NYSE:SPY), also fell by 0.06% by that time.

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Photo: Sean Wandzilak via Shutterstock