S&P 500 · October 3, 2011
The bottom of the stretch
-2.85%
single-day change vs previous close
Part of a longer stretch
The downgrade and Europe's second wave
near the end of it · 2011-04-29 → 2011-10-03, -19.39% over the whole period
What happened that day?
- On 3 October 2011 the S&P 500 fell 2.85%. This was the low of the stretch
- The day before, Greece had announced it would miss its deficit targets — the conditions attached to its bailout
- Missing them means the next tranche does not arrive, which brings default closer
- From the April high to here the index had fallen 19.39%
- The bottom of a stretch is often the day the worst news lands, because after that there is less left to go wrong
- From this day the index rose 42.75% over eighteen months
- In this stretch it was 18.77% below its peak
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.