Closing milestones of the S&P 500
This article is a summary of the closing milestones of the S&P 500 Index, a United States stock market index. Since first closing at 16.66 on January 3, 1950, the S&P 500 has increased, despite several periods of decline.
History
S&P 500 Index from 1950 to 2016
Standard & Poor's, initially known as the Standard Statistics Company, created its first stock market index in 1923. It consisted of 233 different stocks and was computed on a weekly basis. Three years later, it developed a 90 component composite price index that was computed on a daily basis; that was expanded over the years. On March 4, 1957, the Standard & Poor's 500 (.INX) (.SPX) was introduced.
Milestone highs
- March 24, 2000: The S&P 500 index reaches an all-time intraday high of 1,552.87 during the dot-com bubble.
- October 9, 2007: Index closes at a record high of 1,565.15, the highest close prior to the financial crisis of 2007–2008. Two days later, the index hits an intraday record high of 1,576.09. It did not regain this closing level until March 28, 2013.
- February 19, 2020: The S&P 500 index reached its highest point in the bull market that started from the low point on March 9, 2009, closing at 3386.15.
- August 18, 2020: The S&P 500 index closed at a record high of 3389.78 amid the ongoing COVID-19 pandemic in the United States.
- January 3, 2022: The S&P 500 index closed at a record high of 4796.56. As of October 4, 2023 this record all time high still stands.
Milestone lows
- March 9, 2009: S&P 500 closes at 676.53 (it hit a 666.79 intraday low on March 6), its closing low after the onset of the financial crisis of 2007–2008 and the bankruptcy of Lehman Brothers.
Milestone changes
- October 19, 1987: S&P 500 registers its largest daily percentage loss, falling 20.47 percent. The one-day crash, known as "Black Monday," was blamed on program trading and those using a hedging strategy known as portfolio insurance. Despite the losses, the S&P 500 still closed positive for the year.
- February 5, 2018: After months of low volatility, S&P 500 registers a new largest daily point loss of 113.19 points, equivalent to more than 4%. Three days later, the index suffered another heavy loss of nearly the same amount.[1]
- October 13, 2008: S&P 500 marks its best daily percentage gain, rising 11.58 percent. It also registers its then-largest single-day point increase of 104.13 points.
- December 26, 2018: While on pace for the worst December performance since the Great Depression, S&P 500 registers a new largest daily point gain of 116.60 points, which translates to roughly 5% on the index.[2]
- December 31, 2008: For the year, S&P 500 falls 38.49 percent, its worst yearly percentage loss. In September 2008, Lehman Brothers collapsed as the financial crisis spread.
- March 16, 2020: The S&P 500 index suffered its worst daily decline since 1987's Black Monday, falling 9.5 percent, as a result of anxiety about the coronavirus pandemic.[3] The decline of more than 20% since its peak, only 16 trading days earlier, signaled the start of a bear market closing at 2,480.64.
- June 8, 2023: The S&P 500 advanced 26.41 points, or 0.6%, to end at 4,293.93 Thursday, its highest closing level since Aug. 16, 2022, according to Dow Jones Market Data. The 4,292.44 level marked a 20% rally off the bear-market closing low of 3,577.03 set on Oct. 12, 2022. By closing above that threshold, the S&P met a widely used definition of the end of a bear market.
Records
Price index
| Category | All-time highs[4] | All-time lows | ||
|---|---|---|---|---|
| Closing | 4,796.56 | Monday, January 3, 2022 | 16.66 | Tuesday, January 3, 1950 |
| Intraday | 4,818.62 | Tuesday, January 4, 2022 | 16.66 | Tuesday, January 3, 1950 |
Total return index
The total return index takes dividends into account.
| Category | All-time highs[5] | |
|---|---|---|
| Closing | 10,050.41 | Monday, January 3, 2022 |
| Intraday | 10,097.30 | Tuesday, January 4, 2022 |
Incremental closing milestones
The following is a list of the milestone closing levels of the S&P 500. 1-point increments are used up to the 20-point level; 2 to 50; 5 to 100; 10 to 500; 20 to 1,000; 50 to 3,000; and 100-point increments thereafter. Bold formatting is applied to every five milestones, excluding peaks.[6]
The Post-World War II Boom (1949–1966)
| Milestone | Closing level | Date first achieved |
|---|---|---|
| 16.66[lower-alpha 1] | 16.66 | January 3, 1950 |
| 17 | 17.08 | January 9, 1950 |
| 18 | 18.03 | April 18, 1950 |
| 19 | 19.14 | June 8, 1950 |
| 20 | 20.00 | October 4, 1950 |
| 22 | 22.20 | February 5, 1951 |
| 24 | 24.16 | January 14, 1952 |
| 26 | 26.04 | December 12, 1952 |
| 28 | 28.18 | April 29, 1954 |
| 30 | 30.14 | July 9, 1954 |
| 32 | 32.00 | September 22, 1954 |
| 34 | 34.03 | November 23, 1954 |
| 36 | 36.75 | January 3, 1955 |
| 38 | 38.27 | April 18, 1955 |
| 40 | 40.10 | June 17, 1955 |
| 42 | 43.18 | July 6, 1955 |
| 44 | 44.19 | September 12, 1955 |
| 46 | 46.41 | November 14, 1955 |
| 48 | 48.14 | March 16, 1956 |
| 50 | 50.06 | September 30, 1958 |
| 55 | 55.21 | December 31, 1958 |
| 60 | 60.01 | July 7, 1959 |
| 65 | 65.06 | March 30, 1961 |
| 70 | 70.01 | November 6, 1961 |
| 75 | 75.02 | December 31, 1963 |
| 80 | 80.02 | April 6, 1964 |
| 85 | 85.04 | October 8, 1964 |
| 90 | 90.27 | May 13, 1965 |
The 1970s Bear Market (1967–1973)
| Milestone | Closing level | Date first achieved |
|---|---|---|
| 94.06[lower-alpha 2] | 94.32 | May 4, 1967 |
| 95 | 95.37 | August 1, 1967 |
| 100 | 100.38 | June 4, 1968 |
| 110 | 110.18 | April 12, 1972 |
| 120 | 120.24 | January 11, 1973 |
The Early 1980s Bull Depression (1980–1982)
| Milestone | Closing level | Date first achieved |
|---|---|---|
| 120.24[lower-alpha 3] | 121.44 | July 17, 1980 |
| 130 | 130.40 | September 22, 1980 |
| 140 | 140.40 | November 20, 1980 |
The Mid-1980s Bull Market (1982–1987)
| Milestone | Closing level | Date first achieved |
|---|---|---|
| 140.52[lower-alpha 4] | 142.87 | November 3, 1982 |
| 150 | 150.88 | March 1, 1983 |
| 160 | 160.71 | April 20, 1983 |
| 170 | 170.53 | June 21, 1983 |
| 180 | 180.35 | February 4, 1985 |
| 190 | 190.04 | June 4, 1985 |
| 200 | 201.41 | November 21, 1985 |
| 210 | 212.02 | December 16, 1985 |
| 220 | 222.45 | February 18, 1986 |
| 230 | 231.69 | March 11, 1986 |
| 240 | 242.22 | April 16, 1986 |
| 250 | 250.84 | June 30, 1986 |
| 260 | 260.30 | January 12, 1987 |
| 270 | 273.91 | January 22, 1987 |
| 280 | 281.16 | February 5, 1987 |
| 290 | 290.52 | March 5, 1987 |
| 300 | 301.16 | March 23, 1987 |
| 310 | 310.68 | July 14, 1987 |
| 320 | 322.09 | August 6, 1987 |
| 330 | 333.99 | August 14, 1987 |
The 1990s Technology Bubble (1989–2000)
| Milestone | Closing level | Date first achieved |
|---|---|---|
| 336.77[lower-alpha 5] | 338.05 | July 26, 1989 |
| 340 | 341.99 | July 27, 1989 |
| 350 | 351.52 | August 24, 1989 |
| 360 | 360.65 | May 29, 1990 |
| 370 | 370.47 | March 1, 1991 |
| 380 | 380.40 | April 12, 1991 |
| 390 | 390.45 | April 17, 1991 |
| 400 | 404.84 | December 26, 1991 |
| 410 | 415.14 | December 30, 1991 |
| 420 | 420.44 | January 14, 1992 |
| 430 | 430.16 | November 27, 1992 |
| 440 | 441.28 | December 18, 1992 |
| 450 | 454.71 | March 8, 1993 |
| 460 | 460.13 | August 25, 1993 |
| 470 | 470.54 | December 27, 1993 |
| 480 | 481.61 | January 31, 1994 |
| 490 | 490.05 | March 13, 1995 |
| 500 | 500.97 | March 24, 1995 |
| 520 | 520.48 | May 3, 1995 |
| 540 | 545.22 | June 19, 1995 |
| 560 | 560.89 | July 12, 1995 |
| 580 | 583.61 | September 14, 1995 |
| 600 | 600.07 | November 17, 1995 |
| 620 | 620.18 | December 6, 1995 |
| 640 | 641.43 | February 5, 1996 |
| 660 | 661.45 | February 12, 1996 |
| 680 | 680.54 | September 13, 1996 |
| 700 | 701.46 | October 4, 1996 |
| 720 | 724.59 | November 6, 1996 |
| 740 | 742.16 | November 19, 1996 |
| 760 | 768.86 | January 14, 1997 |
| 780 | 782.72 | January 21, 1997 |
| 800 | 802.77 | February 12, 1997 |
| 820 | 830.29 | May 5, 1997 |
| 840 | 841.88 | May 15, 1997 |
| 860 | 862.91 | June 9, 1997 |
| 880 | 883.46 | June 12, 1997 |
| 900 | 904.03 | July 2, 1997 |
| 920 | 925.76 | July 15, 1997 |
| 940 | 940.30 | July 24, 1997 |
| 960 | 960.32 | August 6, 1997 |
| 980 | 983.12 | October 7, 1997 |
| 1,000 | 1,001.27 | February 2, 1998 |
| 1,050 | 1,052.02 | March 3, 1998 |
| 1,100 | 1,105.65 | March 24, 1998 |
| 1,150 | 1,157.33 | July 6, 1998 |
| 1,200 | 1,202.84 | December 21, 1998 |
| 1,250 | 1,272.34 | January 6, 1999 |
| 1,300 | 1,307.26 | March 15, 1999 |
| 1,350 | 1,358.63 | April 12, 1999 |
| 1,400 | 1,403.28 | July 9, 1999 |
| 1,450 | 1,458.34 | December 23, 1999 |
| 1,500 | 1,500.64 | March 22, 2000 |
The Mid-2000s Cyclical Bull Market (2007)
| Milestone | Closing level | Date first achieved |
|---|---|---|
| 1,527.46[lower-alpha 6] | 1,530.23 | May 30, 2007 |
| 1,550 | 1,552.50 | July 13, 2007 |
The Mid 2010s Bull Market (2013-2020)
| Milestone | Closing level | Date first achieved |
|---|---|---|
| 1,565.15[lower-alpha 7] | 1,569.19 | March 28, 2013 |
| 1,600 | 1,614.42 | May 3, 2013 |
| 1,650 | 1,650.34 | May 14, 2013 |
| 1,700 | 1,706.87 | August 1, 2013 |
| 1,750 | 1,754.67 | October 22, 2013 |
| 1,800 | 1,804.76 | November 22, 2013 |
| 1,850 | 1,854.29 | February 27, 2014 |
| 1,900 | 1,900.53 | May 23, 2014 |
| 1,950 | 1,951.27 | June 9, 2014 |
| 2,000 | 2,000.02 | August 26, 2014 |
| 2,050 | 2,051.80 | November 18, 2014 |
| 2,100 | 2,100.34 | February 17, 2015 |
| 2,130.82[lower-alpha 8] | 2,137.16 | July 11, 2016 |
| 2,150 | 2,152.14 | July 12, 2016 |
| 2,200 | 2,202.94 | November 22, 2016 |
| 2,250 | 2,259.53 | December 9, 2016 |
| 2,300[lower-alpha 9] | 2,307.87 | February 9, 2017 |
| 2,350 | 2,351.16 | February 17, 2017 |
| 2,400[lower-alpha 10] | 2,402.32 | May 15, 2017 |
| 2,450 | 2,453.46 | June 19, 2017 |
| 2,500 | 2,500.23 | September 15, 2017 |
| 2,550 | 2,552.07 | October 5, 2017 |
| 2,600 | 2,602.42 | November 24, 2017 |
| 2,650 | 2,651.50 | December 8, 2017 |
| 2,700 | 2,713.06 | January 3, 2018 |
| 2,750 | 2,751.29 | January 9, 2018 |
| 2,800 | 2,802.56 | January 17, 2018 |
| 2,850 | 2,872.87 | January 26, 2018 |
| 2,900 | 2,914.04 | August 29, 2018 |
| 2,930.75[lower-alpha 11] | 2,933.68 | April 23, 2019 |
| 2,950 | 2,954.18 | June 20, 2019 |
| 3,000 | 3,013.77 | July 12, 2019 |
| 3,100 | 3,120.46 | November 15, 2019 |
| 3,200 | 3,205.37 | December 19, 2019 |
| 3,300 | 3,316.81 | January 16, 2020 |
Bull Recession of 2020-21
| Milestone | Closing Level | Date First Achieved |
|---|---|---|
| 3,386.15[lower-alpha 12] | 3,389.78 | August 18, 2020 |
| 3,400 | 3,431.30 | August 24, 2020 |
| 3,500 | 3,508.01 | August 28, 2020 |
| 3,600 | 3,626.91 | November 16, 2020 |
| 3,700 | 3,702.25 | December 8, 2020 |
| 3,800 | 3,803.79 | January 7, 2021 |
| 3,900 | 3,915.59 | February 8, 2021 |
| 4,000 | 4,019.87 | April 1, 2021 |
| 4,100 | 4,128.80 | April 9, 2021 |
| 4,200 | 4,211.47 | April 29, 2021 |
| 4,300 | 4,319.94 | July 1, 2021 |
| 4,400 | 4,411.79 | July 23, 2021 |
| 4,500 | 4,509.37 | August 27, 2021 |
| 4,600 | 4,605.38 | October 29, 2021 |
| 4,700 | 4,701.70 | November 8, 2021 |
List of 1000-point milestones by number of trading days
| Milestone (closing) |
Date of Record | Trading Days |
|---|---|---|
| 1,000 | February 2, 1998[lower-alpha 13] | 12,186[lower-alpha 13] |
| 2,000 | August 26, 2014 | 4,168 |
| 3,000 | July 12, 2019 | 1,227[9] |
| 4,000 | April 1, 2021 | 434[9] |
See also
Notes
- This was the S&P 500's very first close on January 3, 1950.
- This was the S&P 500's close at the peak on February 9, 1966.
- This was the S&P 500's close at the peak on January 11, 1973 before the 1973–74 stock market crash.
- This was the S&P 500's close at the peak on November 28, 1980.
- This was the S&P 500's close at the peak on August 25, 1987 before Black Monday.
- This was the S&P 500's close at the peak on March 24, 2000 before the dot-com crash.[7]
- This was the S&P 500's close at the peak on October 9, 2007 before the financial crisis of 2007–2008.
- This was the S&P 500's close at the peak on May 21, 2015 before the 2015-16 stock market selloff.
- The S&P first crossed 2,300 during the day on January 26, 2017 before falling below the level at closing. After that, the S&P retreated away from the 2,300-pt milestone for a possible selloff in the next month. It took two weeks for the S&P to finally close above 2,300.
- The S&P first crossed 2,400 during the day on March 1, 2017 before falling below the level at closing. After that, the S&P retreated away from the 2,400-pt milestone and then closed within 1 point of the milestone on May 5, 2017. Then on May 8, 2017, the S&P traded above 2,400 intraday then closed below that milestone again and did it the third time the very next day. However, it took until May 15, 2017 for the S&P to finally close above 2,400.
- This was the S&P 500's close at the peak on September 20, 2018 prior to the rapid selloff within the last quarter of the same year. While a 20% decline was recognized on an intraday-basis, the threshold was not met on a closing-basis, leading some to call it a correction and others a bear market.[8]
- After peaking on February 19, 2020, the S&P 500 Index rapidly fell into correction later that same month and into bear market territory in the next month amid the COVID-19 pandemic.
- From January 3, 1950.
References
- Calculations, Ironman at Political (2018-02-12). "A Continuing Wild Ride For The S&P 500 In Week 1 Of February 2018". Seeking Alpha. Retrieved 2018-03-12.
- GmbH, finanzen net. "Dow jumps 1,086 points to post its biggest point gain on record as stocks storm back from worst-ever Christmas Eve | Markets Insider". markets.businessinsider.com. Retrieved 2018-12-29.
- "Dow endures worst day since 'Black Monday'; S&P 500 enters bear market as coronavirus spreads economic gloom". USA Today. Retrieved 2020-03-13.
- "S&P 500 (^GSPC) Historical Data - Yahoo Finance". finance.yahoo.com. Retrieved 2020-12-03.
- "S&P 500 (TR) (^SP500TR) Stock Price, Quote, History & News". finance.yahoo.com. Archived from the original on 2018-01-18. Retrieved 2020-12-03.
- Yahoo, Inc. "^GSPC Historical Prices | S&P 500 Stock - Yahoo! Finance". Retrieved 3 May 2013.
- Paradis, Tim (May 3, 2007). "Stocks Rise; S&P 500 Passes 1,500". The Washington Post. Associated Press. Retrieved July 5, 2014.
- Kimble, Chris (2018-12-20). "Stock Market Correction or Bear Market? 2018 Echoes Of 2000 & 2007". See It Market. Retrieved 2019-04-23.
- "S&P 500 Hits Record, Closes Above 4000 for First Time". wsj.com. Retrieved 2021-04-01.
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