S&P 500 Spike

The S&P 500 closed at 2931.76 on 2/28/20, down from its record high of 3386.13 on 2/19/20. This 454.37 drop is more easily recoverable because it includes the 500 largest US companies by revenue.

The S&P 500 entered the 3000s on 9/11/19 after bouncing in the 2800s and 2900s earlier in 2019.

The S&P 500 closed at 2238.83 in 2016 and had already produced record gains. The S&P 500 closed at 1115.10 in 2009.

The S&P closed on 1/31/19 at 3230.78 and closed on 2/28/20 at 2954.22.  The 276.56 drop was caused by the rush to 3400 the S&P made during the spike.

The S&P is less susceptible to spikes, because it is heavily occupied by buy and hold 401k contributions, but these stocks took the ride as well. The S&P was more stable and remained in the 3200s and 3300s and will claw back to these levels over time.

S&P Closing by Day

2/28/20   2954.22

2/27/20   2978.76

2/26/20   3116.39

2/25/20   3128.21

2/24/20   3225.89

2/21/20   3337.75

2/20/20   3373.23

2/19/20   3386.15

2/18/20   3370.29

2/14/20   3380.16

2/13/20   3373.94

2/12/20   3379.45

2/11/20   3357.75

2/10/20   3352.09

2/7/20     3327.71

2/6/20     3345.78

2/5/20     3334.69

2/4/20     3297.59

2/3/20     3248.92

1/31/20   3225.52

1/30/20   3283.66

1/29/20   3273.40

1/28/20   3276.24

1/27/20   3243.63

1/24/20   3295.47

1/23/20   3225.54

1/22/20   3321.75

1/21/20   3320.79 

1/17/20   3329.62

1/16/20   3316.81

1/15/20   3289.29

1/14/20   3283.15

1/13/20   3288.13

1/10/20   3265.35

1/9/20     3274.70

1/8/20     3253.05

1/7/20     3237.18

1/6/20     3246.28

1/3/20     3234.85

1/2/20     3257.85

12/31/19 3230.78

https://finance.yahoo.com/quote/%5EGSPC/history/

Norb Leahy, Dunwoody GA Tea Party Leader