Economy

progree

(11,941 posts) Tue Mar 4, 2025, 12:04 PM Mar 4

S&P 500 closed Tuesday 5/27 at 5922, up 2.1% for the day, up 2.4% since election day, down 3.6% from all time high

This discussion thread is pinned.

Last edited Tue May 27, 2025, 08:16 PM - Edit history (80)

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 and
far more representative of what people have on average. But see bottom of this post for a graph of the DOW, which closed at 42,344,
up 741 points ( 1.8%) for the day.

Reasons: Trump delays his 50% Europe tariff threat from June 1 to July 9. The consumer confidence report released today showed an improvement after 5 straight monthly drops. "Another boost came from a slide in Treasury yields and a stronger dollar (DX=F), credited to signs that Japan will cut back on bond sales after a market rout." https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-soar-as-trump-pauses-eu-tariff-hikes-for-fast-tracked-talks-133348369.html

Consumer confidence is up sharply from a month ago, but still pretty low relative to the 2023-2024 average (there's a graph at the below link). https://finance.yahoo.com/news/consumer-confidence-rebounds-in-may-as-trump-pauses-china-tariffs-152039906.html

Consumer confidence increased with the pausing of the big tariffs on China (they are still 30% by the way). The latest back and forth with the EU were not a factor as the survey period closed before that happened.

The S&P 500 closed Tuesday May 27 at 5922, up 2.1% for the day,
and up 2.4% from the 5783 election day closing level,
and down 1.3% from the inauguration eve closing level,
and up 0.7% year-to-date,
and down 3.6% 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 3.6% 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 (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???)

========================================================

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 Friday at 41,603, and it closed Tuesday at 42,344, a rise of 1.8% (741 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/

12 replies

= new reply since forum marked as read

Highlight:

S&P 500 closed Tuesday 5/27 at 5922, up 2.1% for the day, up 2.4% since election day, down 3.6% from all time high (Original Post) progree Mar 4 OP

Kicking for the milestone update - S&P 500's first close below the election day close. How major indexes fared: progree Mar 4 #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 6 #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 7 #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 10 #4

Update: S&P 500 closed Tuesday 3/11 at 5572, down 0.8% for the day, briefly fell into correction territory progree Mar 11 #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 12 #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 13 #7

Update: S&P 500 closed Friday at 5639, up 2.1% for the day, and down 2.5% since election day progree Mar 14 #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

progree

(11,941 posts)