Number of the Day Shows S&P Is Back Where It Started
Our take on the most relevant or interesting figure in personal finance today
That’s how close the S&P 500 Index is to its starting point this year.
Despite all the tumult of 2020, the U.S. stock benchmark ended Thursday less than 1% higher than it was at the beginning of 2020, closing at 3,246.59. The index, plunged into a bear market by the COVID-19 pandemic, had fully recovered by August, reaching a new all-time high and then breaking more records amid optimism about tech stocks. Since Sept. 2, however, the popular gauge of the market’s performance has been trending down, disappointing investors and flirting with correction territory—defined as a decline of at least 10% since a recent peak.