S&P 500 · August 26, 2015
Two days later, straight back up
+3.90%
single-day change vs previous close
What happened that day?
- On 26 August 2015 the S&P 500 rose 3.9%
- A give-back of the Monday crash. The index had fallen 12.35% from its peak in a matter of days
- China cut both its policy rate and the reserves banks must hold — read as a promise to hold the market up
- In the US, the president of the New York Fed said the case for a September hike had grown less compelling
- A durable goods orders report that morning also came in better than expected
- A sharp jump right after a sharp fall is ordinary. Sellers are already out, so one piece of news moves everyone the other way
- Getting back to the old high took much longer — not until July 2016
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.