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 opening at 16.66 on January 3, 1950, the S&P 500 has substantially increased despite several periods of decline.^[1]

History

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 and lows

• 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 closed positive for the 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.
• 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.^[2]
• 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.
• February 17, 2015: S&P 500 closes above 2,100 for the first time, finishing at 2,100.34 points.^[3]
• November 22, 2016: S&P 500 closes above 2,200 for the first time, finishing at 2,202.94 points.

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 2,000; and 100-point increments thereafter. Additional milestones may be used if necessary.^[4]

The Post-World War II Boom (1949–1966)

Milestone	Closing Level	Date First Achieved
16.66^1	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
94.06^2	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
120.24^3	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
140.52^4	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
336.77^5	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
1,527.46^6	1,530.23	May 30, 2007
1,550	1,552.50	July 13, 2007

The Mid 2010s Bull Market (2013-Present)

Milestone	Closing Level	Date First Achieved
1,565.15^7	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
2,100	2,100.34	February 17, 2015
2,130.82^8	2,137.16	July 11, 2016
2,200	2,202.94	November 22, 2016
2,300	TBA	TBA
2,400	TBA	TBA
2,500	TBA	TBA
2,600	TBA	TBA
2,700	TBA	TBA
2,800	TBA	TBA
2,900	TBA	TBA
3,000	TBA	TBA

Notes

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

Records

Category	All-Time Highs		All-Time Lows
Closing	2,213.35	Friday, November 25, 2016	16.66	Tuesday, January 3, 1950
Intraday	2,214.10	Wednesday, November 30, 2016	16.66	Tuesday, January 3, 1950

See also

• Closing milestones of the Dow Jones Industrial Average
• Closing milestones of the Nasdaq Composite
• List of largest daily changes in the S&P 500 Index
• Wilshire 5000#Record High Wilshire 5000 Index Values
• Russell 3000 Index#Record values
• Nasdaq-100 #Records

References

1. Yahoo, Inc. "^GSPC Historical Prices | S&P 500 Stock - Yahoo! Finance". Yahoo Finance. Retrieved 31 August 2015.
2. Yahoo, Inc. "^GSPC Historical Prices | S&P 500 Stock - Yahoo! Finance". Retrieved 22 May 2015.
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 3 May 2013.
5. Paradis, Tim (May 3, 2007). "Stocks Rise; S&P 500 Passes 1,500". The Washington Post. Associated Press. Retrieved July 5, 2014.

External links

• S&P 500 Historical Chart Data