Milestones of the S&P 500 Index

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This article is a summary of the milestones of the S&P 500 Index, a United States stock market index. Since opening at 16.16, the S&P 500 has increased despite several periods of decline.[1]

Daily Linear Chart of S&P 500 from 1950 to May 22nd, 2013 using closing values
A logarithmic chart of the S&P 500 using closing values from January 3rd, 1950 to April 15th, 2013.

History[edit]

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.[2]

Milestone highs and lows[edit]

[3]

  • June 4, 1968: S&P 500 closes above 100 for the first time.
  • 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 ended up that year.
  • March 24, 1995: The S&P 500 index closes above 500 for the first time. In exactly five years time, the S&P 500 tripled its value, and reached its peak prior to the dot-com bubble.
  • February 2, 1998: S&P 500 closes above 1,000 for the first time.
  • March 15, 1999: The S&P 500 closed above 1,300 for the first time. On the next day, the more commonly followed Dow Jones Industrial Average traded above 10,000 points for the first time. From here, milestones are provided in 10-point increments for comparison with the 100-point milestones reached by the Dow.
  • 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.
  • October 11, 2007: S&P 500 hits an intraday record high of 1,576.09.
  • October 13, 2008: S&P 500 marks its best daily percentage gain, rising 11.58 percent. It also registers its largest single-day point increase of 104.13 points.
  • 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 9, 2009: S&P 500 closes at 676.53, its closing low after the onset of the 2008 financial crisis and the bankruptcy of Lehman Brothers.
  • March 28, 2013: S&P 500 ends at 1,569.19, surpassing its previous record closing high set in 2007.
  • April 10, 2013: S&P 500 hits new all-time intraday record high at 1,589.07, surpassing the previous record of 1,576.09 set during trading on October 11, 2007.
  • May 3, 2013: S&P 500 closes above 1,600 for the first time, finishing at 1,614.42 after a much better-than-expected April U.S. non-farm payrolls report. The index also hit an all-time intraday high of 1,618.46.
  • August 1, 2013: S&P 500 closes above 1,700 for the first time, finishing at 1,706.87, as well as reaching an all-time intraday high of 1,707.85.
  • November 22, 2013: S&P 500 closes above 1,800 for the first time, finishing at 1,804.76 points.
  • May 23, 2014: S&P 500 closes above 1,900 for the first time, finishing at 1,900.53 points.
  • August 26, 2014: S&P 500 closes above 2,000 for the first time, finishing at 2,000.02 points.

Closing milestones[edit]

The following is a list of the milestone closing levels of the S&P 500. 5-point increments are used up to the 100-point level 10 to 200; 20 to 500; 50 to 1,000; 100 to 2,000; and 200-point increments thereafter.

Milestone Closing Level[4] Date First Achieved[5]
The post-World War II boom (1950–1966)
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 (1966–1979)
94.061 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)
120.242 121.44 July 17, 1980
130 130.40 September 22, 1980
140 140.40 November 20, 1980
The mid-1980s bull market (1982–1987)
140.523 142.87 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
220 222.45 February 18, 1986
240 242.22 April 16, 1986
260 260.30 January 12, 1987
280 281.16 February 5, 1987
300 301.16 March 23, 1987
320 322.09 August 6, 1987
The 1990s Technology Bubble (1989–2000)
336.774 338.05 July 26, 1989
340 341.99 July 27, 1989
360 360.65 May 29, 1990
380 380.40 April 12, 1991
400 404.84 December 26, 1991
420 420.44 January 14, 1992
440 441.28 December 18, 1992
460 460.13 August 25, 1993
480 481.61 January 31, 1994
500 500.97 March 24, 1995
550 551.07 June 22, 1995
600 600.07 November 17, 1995
650 656.07 February 8, 1996
700 701.46 October 4, 1996
750 757.03 November 25, 1996
800 802.77 February 12, 1997
850 858.01 June 6, 1997
900 904.03 July 2, 1997
950 952.29 July 30, 1997
1,000 1,001.27 February 2, 1998
1,100 1,105.65 March 24, 1998
1,200 1,202.84 December 21, 1998
1,300 1,307.26 March 15, 1999
1,400 1,403.28 July 9, 1999
1,500 1,500.64 March 22, 2000
The early 2010s bull market (2009–Present)
1,565.155 1,569.19 March 28, 2013
1,600 1,614.42 May 3, 2013
1,700 1,706.87 August 1, 2013
1,800 1,804.76 November 22, 2013
1,900 1,900.53 May 23, 2014
2,000 2,000.02 August 26, 2014

1This was the S&P 500's close at the peak on February 9, 1966.
2This was the S&P 500's close at the peak on January 11, 1973.
3This was the S&P 500's close at the peak on November 28, 1980.
4This was the S&P 500's close at the peak on August 25, 1987.
5This was the S&P 500's close at the peak on October 9, 2007 before the 2008 financial crisis. However, it had a pre-9/11 close of 1,527.46 on Friday, March 24, 2000, during the dot-com bubble.[6]

All-Time High Records[edit]

Closing: 2,007.71 Friday, September 5, 2014
Intra-day Actual: 2,011.17 Thursday, September 4, 2014

See Also[edit]

References[edit]

  1. ^ "Key dates and milestones in the S&P 500's history". Yahoo Finance. Retrieved 14 May 2013. 
  2. ^ "S&P 500". Wikipedia. Retrieved 15 May 2013. 
  3. ^ "Key dates and milestones in the S&P 500's history". Yahoo Finance. Retrieved 14 May 2013. 
  4. ^ Yahoo Inc. "^GSPC Historical Prices | S&P 500 Stock - Yahoo! Finance". Retrieved 5/3/2013. 
  5. ^ Yahoo Inc. "^GSPC Historical Prices | S&P 500 Stock - Yahoo! Finance". Retrieved 5/3/2013. 
  6. ^ Paradis, Tim (May 3, 2007). "Stocks Rise; S&P 500 Passes 1,500". The Washington Post. Associated Press. Retrieved July 5, 2014.