S&P 500 · April 29, 1997
Where the pullback ended
+2.73%
single-day change vs previous close
What happened that day?
- On 29 April 1997 the S&P 500 rose 2.73%
- The pullback that had run for over a month since the March hike ended around here
- The view spread that no further hike was coming, and company results were good
- The US economy was in a rare stretch: growth without rising prices
- No single trigger can be pinned to this day. It is part of a mood that changed over several sessions
- The pullback had been 9.63% from the peak
- The index kept rising into the summer and set record after record
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.