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 2008 financial crisis. 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.
  • September 2, 2020: The S&P500 index closed at a record high of 3580.84 after hitting an intra-day high of 3588.

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 2008 financial crisis 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.

Records

Price index
Category All-time highs[4] All-time lows
Closing3,886.83Friday, February 5, 202116.66Tuesday, January 3, 1950
Intraday3,894.56Friday, February 5, 202116.66Tuesday, January 3, 1950

Total return index

The total return index takes dividends into account.

Category All-time highs[5]
Closing8.039,67Friday, February 5, 2021
Intraday8.055,57Friday, February 5, 2021

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]16.66January 3, 1950
1717.08January 9, 1950
1818.03April 18, 1950
1919.14June 8, 1950
2020.00October 4, 1950
2222.20February 5, 1951
2424.16January 14, 1952
2626.04December 12, 1952
2828.18April 29, 1954
3030.14July 9, 1954
3232.00September 22, 1954
3434.03November 23, 1954
3636.75January 3, 1955
3838.27April 18, 1955
4040.10June 17, 1955
4243.18July 6, 1955
4444.19September 12, 1955
4646.41November 14, 1955
4848.14March 16, 1956
5050.06September 30, 1958
5555.21December 31, 1958
6060.01July 7, 1959
6565.06March 30, 1961
7070.01November 6, 1961
7575.02December 31, 1963
8080.02April 6, 1964
8585.04October 8, 1964
9090.27May 13, 1965

The 1970s Bear Market (1967–1973)
Milestone Closing level Date first achieved
94.06[lower-alpha 2]94.32May 4, 1967
9595.37August 1, 1967
100100.38June 4, 1968
110110.18April 12, 1972
120120.24January 11, 1973

The Early 1980s Bull Depression (1980–1982)
Milestone Closing level Date first achieved
120.24[lower-alpha 3]121.44July 17, 1980
130130.40September 22, 1980
140140.40November 20, 1980

The Mid-1980s Bull Market (1982–1987)
Milestone Closing level Date first achieved
140.52[lower-alpha 4]142.87November 3, 1982
150150.88March 1, 1983
160160.71April 20, 1983
170170.53June 21, 1983
180180.35February 4, 1985
190190.04June 4, 1985
200201.41November 21, 1985
210212.02December 16, 1985
220222.45February 18, 1986
230231.69March 11, 1986
240242.22April 16, 1986
250250.84June 30, 1986
260260.30January 12, 1987
270273.91January 22, 1987
280281.16February 5, 1987
290290.52March 5, 1987
300301.16March 23, 1987
310310.68July 14, 1987
320322.09August 6, 1987
330333.99August 14, 1987

The 1990s Technology Bubble (1989–2000)
Milestone Closing level Date first achieved
336.77[lower-alpha 5]338.05July 26, 1989
340341.99July 27, 1989
350351.52August 24, 1989
360360.65May 29, 1990
370370.47March 1, 1991
380380.40April 12, 1991
390390.45April 17, 1991
400404.84December 26, 1991
410415.14December 30, 1991
420420.44January 14, 1992
430430.16November 27, 1992
440441.28December 18, 1992
450454.71March 8, 1993
460460.13August 25, 1993
470470.54December 27, 1993
480481.61January 31, 1994
490490.05March 13, 1995
500500.97March 24, 1995
520520.48May 3, 1995
540545.22June 19, 1995
560560.89July 12, 1995
580583.61September 14, 1995
600600.07November 17, 1995
620620.18December 6, 1995
640641.43February 5, 1996
660661.45February 12, 1996
680680.54September 13, 1996
700701.46October 4, 1996
720724.59November 6, 1996
740742.16November 19, 1996
760768.86January 14, 1997
780782.72January 21, 1997
800802.77February 12, 1997
820830.29May 5, 1997
840841.88May 15, 1997
860862.91June 9, 1997
880883.46June 12, 1997
900904.03July 2, 1997
920925.76July 15, 1997
940940.30July 24, 1997
960960.32August 6, 1997
980983.12October 7, 1997
1,0001,001.27February 2, 1998
1,0501,052.02March 3, 1998
1,1001,105.65March 24, 1998
1,1501,157.33July 6, 1998
1,2001,202.84December 21, 1998
1,2501,272.34January 6, 1999
1,3001,307.26March 15, 1999
1,3501,358.63April 12, 1999
1,4001,403.28July 9, 1999
1,4501,458.34December 23, 1999
1,5001,500.64March 22, 2000

The Mid-2000s Cyclical Bull Market (2007)
Milestone Closing level Date first achieved
1,527.46[lower-alpha 6]1,530.23May 30, 2007
1,5501,552.50July 13, 2007

The Mid 2010s Bull Market (2013-2020)
Milestone Closing level Date first achieved
1,565.15[lower-alpha 7]1,569.19March 28, 2013
1,6001,614.42May 3, 2013
1,6501,650.34May 14, 2013
1,7001,706.87August 1, 2013
1,7501,754.67October 22, 2013
1,8001,804.76November 22, 2013
1,8501,854.29February 27, 2014
1,9001,900.53May 23, 2014
1,9501,951.27June 9, 2014
2,0002,000.02August 26, 2014
2,0502,051.80November 18, 2014
2,1002,100.34February 17, 2015
2,130.82[lower-alpha 8]2,137.16July 11, 2016
2,1502,152.14July 12, 2016
2,2002,202.94November 22, 2016
2,2502,259.53December 9, 2016
2,300[lower-alpha 9]2,307.87February 9, 2017
2,3502,351.16February 17, 2017
2,400[lower-alpha 10]2,402.32May 15, 2017
2,4502,453.46June 19, 2017
2,5002,500.23September 15, 2017
2,5502,552.07October 5, 2017
2,6002,602.42November 24, 2017
2,6502,651.50December 8, 2017
2,7002,713.06January 3, 2018
2,7502,751.29January 9, 2018
2,8002,802.56January 17, 2018
2,8502,872.87January 26, 2018
2,9002,914.04August 29, 2018
2,930.75[lower-alpha 11]2,933.68April 23, 2019
2,9502,954.18June 20, 2019
3,0003,013.77July 12, 2019
3,1003,120.46November 15, 2019
3,2003,205.37December 19, 2019
3,3003,316.81January 16, 2020

Bull Recession of 2020
Milestone Closing Level Date First Achieved
3,386.15[lower-alpha 12]3,389.78August 18, 2020
3,4003,431.30August 24, 2020
3,5003,508.01August 28, 2020
3,6003,626.91November 16, 2020
3,7003,702.25December 8, 2020
3,8003,803.79January 7, 2021

List of 1000-point milestones by number of trading days
Milestone
(closing)		 Date of Record Trading Days
1,000February 2, 1998[lower-alpha 13]12,099[lower-alpha 13]
2,000August 26, 20144,168
3,000July 12, 20191,227

See also

Notes
  1. This was the S&P 500's very first close on January 3, 1950.
  2. This was the S&P 500's close at the peak on February 9, 1966.
  3. This was the S&P 500's close at the peak on January 11, 1973 before the 1973–74 stock market crash.
  4. This was the S&P 500's close at the peak on November 28, 1980.
  5. This was the S&P 500's close at the peak on August 25, 1987 before Black Monday.
  6. This was the S&P 500's close at the peak on March 24, 2000 before the dot-com crash.[7]
  7. This was the S&P 500's close at the peak on October 9, 2007 before the 2008 financial crisis.
  8. This was the S&P 500's close at the peak on May 21, 2015 before the 2015-16 stock market selloff.
  9. 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.
  10. 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.
  11. 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]
  12. 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.
  13. From January 3, 1950.

References
  1. 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.
  2. 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.
  3. "Dow endures worst day since 'Black Monday'; S&P 500 enters bear market as coronavirus spreads economic gloom". USA Today. Retrieved 2020-03-13.
  4. "S&P 500 (^GSPC) Historical Data - Yahoo Finance". finance.yahoo.com. Retrieved 2020-12-03.
  5. "S&P 500 (TR) (^SP500TR) Stock Price, Quote, History & News". finance.yahoo.com. Retrieved 2020-12-03.
  6. Yahoo, Inc. "^GSPC Historical Prices | S&P 500 Stock - Yahoo! Finance". Retrieved 3 May 2013.
  7. Paradis, Tim (May 3, 2007). "Stocks Rise; S&P 500 Passes 1,500". The Washington Post. Associated Press. Retrieved July 5, 2014.
  8. Kimble, Chris (2018-12-20). "Stock Market Correction or Bear Market? 2018 Echoes Of 2000 & 2007". See It Market. Retrieved 2019-04-23.
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