S&P 500 · August 24, 2015
The Monday China's devaluation reached New York
-3.94%
single-day change vs previous close
What happened that day?
- On 24 August 2015 the S&P 500 fell 3.94%
- It started two weeks earlier, when China devalued the yuan without warning — read as a sign its economy was worse than admitted
- Shanghai collapsed that Monday. Asia went first, then Europe, then the US open
- The open was the worst of it. The Dow dropped more than a thousand points within minutes, an intraday record at the time
- Many index funds (ETFs) traded far below the index they track — the machinery that prices them briefly stopped working
- It turned two days later, after China cut rates and a Fed official pushed back on a September hike
- From the May peak the index was down 12.35%
Sources
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 written from the sources listed above.