S&P 500 · October 25, 1982

A pullback in the year the long rise began

-3.97%

single-day change vs previous close

Part of a longer stretch

The 1982 Volcker pivot rally

near the end of it · 1982-08-12 → 1982-11-03, +39.49% over the whole period

What happened that day?

The S&P 500 fell 3.97% to close at 133.32. No single trigger for the day could be pinned down
Since August 1982 this market had been climbing steeply — the start of a rise that would run for years
It started with inflation. The price pressure that had held markets down for years was breaking, which opened the way for rates to fall
After a fast climb, pullbacks like this are common. The whole correction was only 4.52% deep
The size of this one day reflects how far prices had run in a short time. Fast rises produce sharp retracements
The correction was over within a month and the rise resumed

Sources

S&P 500

Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is put together from the public record; where a specific source was consulted it is listed above.