S&P 500 closed Friday 4/04 at 5074, down 6.0% for the day, down 12.3% since election day, down 17.4% from ATH

[progree]

This discussion thread is pinned.

Last edited Fri Apr 4, 2025, 04:37 PM - Edit history (36)

ATH is all-time high.

I only follow the S&P 500, as it is by far the best measure of the three (Dow, S&P 500, and Nasdaq) of the total U.S. stock market and far more representative of what people have on average. But see bottom of this post for a graph of the DOW, which closed at 40,546, down 1679 points (-4.0%) for the day.

The S&P 500 closed Friday April 4 at 5074, down 6.0% for the day,

and down 12.3% from the 5783 election day closing level,

and down 15..4% from the inauguration-eve level,

and down 13.7% year-to-date,

and down 17.4% from its all-time closing high of 6144 on Feb 19. (nearing a bear market which is 20% down)

Asked whether the stock market decline was due to his tariffs, Trump said March 6: “A lot of them are globalist countries and companies that won’t be doing as well because we’re taking back things that have been taken from us many years ago.” And Treasury Secretary Bessent said, Sunday, March 16, ""corrections are healthy.".

Quite a change after listening to RWers extolling the "Trump Trade" for four months.

S&P 500
# Election day close (11/5/24) 5783
# Last close before inauguration day: (1/17/25): 5997
# 2024 year-end close (12/31/24): 5882
# All-time closing high (2/19/25): 6144

# Several market indexes: https://finance.yahoo.com/
# S&P 500: https://finance.yahoo.com/quote/%5EGSPC/
https://finance.yahoo.com/quote/%5EGSPC/history/

It is down 17.4% from its all-time closing high of 6144 on Feb 19. Anything between 5% and 10% down is in "pullback" territory. Corrections start at 10% down, and bear markets start at 20% down. Another day even half as bad as Friday will put it in a bear market.

(It closed Thursday March 13 more than 10% down, making it officially the start of a correction. I don't know when corrections end -- when a new closing high occurs???)

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I'm not a fan of the DOW as it is a cherry-picked collection of just 30 stocks that are price-weighted, which is silly. But since there is an automatically updating embedded graphic, here it is. It takes several, like 6 hours, after the close for it to update. It closed Thursday at 40,546 and it closed Friday at 38,315,, a drop of 5.5% (2231 points) for the day.

I don't maintain statistics for the DOW like percent up or down since election day, or year-to-date, or from the all-time high etc. like I do for the S&P 500.

DJIA means Dow Jones Industrials Average


https://finance.yahoo.com/
DOW: https://finance.yahoo.com/quote/%5EDJI/
. . . . . . https://finance.yahoo.com/quote/%5EDJI/history/

I don't have an embeddable graph for the S&P 500, unfortunately, but to see its graph, click on https://finance.yahoo.com/quote/%5EGSPC/

[progree]

1. Kicking for the milestone update - S&P 500's first close below the election day close. How major indexes fared:

Last edited Tue Mar 4, 2025, 05:51 PM - Edit history (1)

How major US stock indexes fared Tuesday, AP, 3/4/2025
https://finance.yahoo.com/news/major-us-stock-indexes-fared-211928579.html

Here's the Year-to-date ones from the article:
# S&P 500: down 1.8%
# Dow: down 0.1%
# Nasdaq down: 5.3%
# Russell 2000 (the small caps): down 6.8%

Not in the article is that the S&P 500 is down 5.9% from its all time closing high of 6144 on Feb 19.

[progree]

2. Kicking: update for Thurs. March 6 close. The "Trump Trade" is back underwater after losing 1.8% for the day (S&P 500)

See OP for the statistics.

[progree]

3. Kicking: Update: S&P 500 closed Friday at 5770, up 0.5% for the day but still below the election day close

See OP for details

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4. Update: S&P 500 closed Monday 3/10 at 5615, down 2.7% for the day and 2.9% below the election day close

see OP for details.

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5. Update: S&P 500 closed Tuesday 3/11 at 5572, down 0.8% for the day, briefly fell into correction territory

Details in OP.

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6. S&P 500 closed Wednesday 3/12 at 5599, up 0.5% for the day, but down 3.2% since election day

See OP for details, and a graph of the DOW.

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7. Update: S&P 500 closed Thursday at 5522, down 1.4% for the day, and MORE THAN 10% down from the all-time high

Details in the OP.

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8. Update: S&P 500 closed Friday at 5639, up 2.1% for the day, and down 2.5% since election day

Details in the OP.

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9. Update: S&P 500 closed Monday at 5675, up 0.6% for the day, and down 1.9% since election day

Details in OP.

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10. Update: S&P 500 closed Tuesday at 5615, down 1.1% for the day, and down 2.9% since election day

Details in OP.

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11. S&P 500 closed Tuesday 3/25 at 5777, up 0.2% for the day, down 0.1% since election day, down 6.0% from ATH

Details in OP. ATH is All Time High. I don't kick this every market day, but it's been several days, and it's gotten well down on the listings, so I decided to kick it. It looks like the Trump slump since election day is about at an end, only 0.1% down since election day, and with 3 straight market days of gains. Since inauguration day, its down 3.7%.

[progree]

12. S&P 500 closed Wednesday 4/02 at 5671, up 0.7% for the day, down 1.9% since election day, down 7.7% from ATH

ATH is All Time High. Details in OP including more comparisons like down 5.4% since pre-inauguration day, and down 3.6% year-to-date.

I don't kick this every market day, but it's been several days, and it's gotten well down on the listings, so I decided to kick it. Note this closing is moments before the announcement of "Liberation Day" tariffs, so it's a good benchmark to compare to what follows in the next few days.