Economy

progree

(11,992 posts) Tue Mar 4, 2025, 12:04 PM Mar 2025

S&P 500 closed Friday 6/13 at 5977, down 1.1% for the day, up 3.4% since election day, down 2.7% from all time high

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Last edited Fri Jun 13, 2025, 04:42 PM - Edit history (97)

The University of Michigan's consumer sentiment came in better than expected. But the trade news was not positive. According to the below link, "The president floated hiking auto tariffs just a day after he said he would impose unilateral tariff rates on countries within two weeks." . . . Separately, he reiterated his call for a jumbo rate cut from the Federal Reserve, adding that he "may have to force something" amid easing inflation." And that's about it for the mundane stuff.

Of course the big news is Israel's full scale war attack on Iran's leadership and nuclear facilities. Also WTI crude oil is up 8.27% on the news as I write this (4:28 PM EDT), at $73.67. This is the highest level since January.

Actually the stock market was recovering throughout the morning, then, according to the below link, "The major averages sank to a session low in the afternoon after Israeli defense forces said dozens of Iranian missiles were launched at Israel and "all of Israel is under fire." Iran called Israel's strike a "declaration of war."
More on today's market news: https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-dive-oil-surges-as-israel-and-iran-trade-strikes-200145242.html

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The S&P 500 closed Friday June 13 at 5977, down 1.1% for the day,
and up 3.4% from the 5783 election day closing level,
and down 0.3% from the inauguration eve closing level,
and up 1.6% year-to-date,
and down 2.7% from its all-time closing high of 6144 on Feb 19. (we were down 18.9% at the 4/8 close, nearing a bear market which is 20% down)

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
. . . A correction begins at 10% down which is 5530 - we crossed that threshold March 13.
. . . A bull market begins at 20% down which is 4915 - we haven't reached that level yet under Trump II
# Trump II era low point (going all the way back to election day Nov5): 4983 on April 8
. . . 10% above that level is 5481

# 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 2.7% 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 (at 5530), and bear markets start at 20% down (at 4915).

(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, like about 10 PM EDT.
(If it still isn't updated, try right-clicking on it and opening in a new tab. #OR# click on https://finance.yahoo.com/quote/%5EDJI/ ).
It closed Thursday at 42,968, and it closed Friday at 42,198, a drop of 1.8% (770 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. It takes about 6 hours after the close to update, so check it after 10 PM EDT

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

DOW
# Election day close (11/5/24) 42,222
# Last close before inauguration day: (1/17/25): 43,488
# 2024 year-end close (12/31/24): 42,544
# DOW All Time High: 12/4/24: 45,014

# Correction level beginning 10% down: 40,513,
# Bear market level: beginning 20% down: 36,011 (we've not reached that level yet in Trump II so far)

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/

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S&P 500 closed Friday 6/13 at 5977, down 1.1% for the day, up 3.4% since election day, down 2.7% from all time high (Original Post) progree Mar 2025 OP

Kicking for the milestone update - S&P 500's first close below the election day close. How major indexes fared: progree Mar 2025 #1

Kicking: update for Thurs. March 6 close. The "Trump Trade" is back underwater after losing 1.8% for the day (S&P 500) progree Mar 2025 #2

Kicking: Update: S&P 500 closed Friday at 5770, up 0.5% for the day but still below the election day close progree Mar 2025 #3

Update: S&P 500 closed Monday 3/10 at 5615, down 2.7% for the day and 2.9% below the election day close progree Mar 2025 #4

Update: S&P 500 closed Tuesday 3/11 at 5572, down 0.8% for the day, briefly fell into correction territory progree Mar 2025 #5

S&P 500 closed Wednesday 3/12 at 5599, up 0.5% for the day, but down 3.2% since election day progree Mar 2025 #6

Update: S&P 500 closed Thursday at 5522, down 1.4% for the day, and MORE THAN 10% down from the all-time high progree Mar 2025 #7

Update: S&P 500 closed Friday at 5639, up 2.1% for the day, and down 2.5% since election day progree Mar 2025 #8

Update: S&P 500 closed Monday at 5675, up 0.6% for the day, and down 1.9% since election day progree Mar 17 #9

Update: S&P 500 closed Tuesday at 5615, down 1.1% for the day, and down 2.9% since election day progree Mar 18 #10

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 progree Mar 25 #11

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 progree Apr 2 #12

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