S&P 500 closed Thursday 8/28 at 6502, up 0.3% for the day, and up 10.5% year-to-date

[progree]

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Last edited Thu Aug 28, 2025, 06:35 PM - Edit history (155)

Year to date (YTD) is from the Dec 31 closing level.

The S&P 500 closed at a new all-time high, and the first time above 6,500

Market news of the day: https://finance.yahoo.com/
https://finance.yahoo.com/news/live/stock-market-today-sp-500-crosses-6500-dow-hits-record-after-nvidia-earnings-surprise-gdp-jump-200200115.html

10 year Treasury yield: 4.21%, down .03 percentage points. Yeah! Falling yields means higher bond prices for those who have bonds in their portfolios.

I saw a headline that the 30 year mortgage hit its lowest level in I forget how many months

The 2nd estimate for Q2 GDP was reported today as 3.3% annualized, an increase from 3.0% in the first estimate. Q1 GDP was MINUS 0.5% annualized, so the first half came in at just +1.4% annualized. The first quarter was hurt by a lot of imports (which subtract from GDP) by people and companies importing before the tariffs hit. The 2nd quarter was aided by the opposite -- a big slowdown in imports.

Weekly unemployment insurance claims reported today fell a little, as did continuning claims.

The PCE inflation measure comes out tomorrow -- it's the Fed's favorite inflation measure.

Rate cut bets: https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

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The S&P 500 closed Thursday August 28 at 6502, up 0.3% for the day,
and up 12.4% from the 5783 election day closing level,
and up 8.4% from the inauguration eve closing level,
and up 10.5% year-to-date (since the December 31 close)

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
# Trump II era low point (going all the way back to election day Nov5): 4983 on April 8

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

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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. It's as asinine as judging consumer price inflation by picking 30 blue chip consumer items, and weighting them according to their prices. 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/ ).

The Dow closed Wednesday at 45,565, and it closed Thursday at 45,637, a rise of 0.2% (72 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.

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

DJIA means Dow Jones Industrials Average. It takes about 6 hours after the close to update, so check it after 10 PM EDT


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/

While I'm at it, I might as well show Oil and the Dollar:

Crude Oil


US Dollar Index (DX-Y.NYB)


If you see a tiny graphics square above and no graph, right click on the square and choose "load image". There should be a total of 3 graphs. And remember that it typically takes about 6 hours after the close before these graphs update.