Last edited Fri Mar 7, 2025, 06:43 AM - Edit history (1)
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:
it closed Thursday March 6 at 5739, down 1.8% for the day,
and down 0.8% from the 5783 election day level,
and down 4.3% from the inauguration-eve level,
and down 2.4% year-to-date,
and down 6.6% from its all-time closing high of 6144 on Feb 19.
The usual pattern -- threaten tariffs and the markets dive, followed by news of delaying or moderating some tariffs and the markets climb. Well, it's back down again despite some moderation on tariffs "signalling".
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 6.6% 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.
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