WhyItDropped

S&P 500 · November 27, 2002

Data rally on the eve of the holiday

+2.80%

single-day change vs previous close

Part of a longer stretch

The 2002–07 recovery

early in it · 2002-10-09 → 2007-05-30, +97.00% over the whole period

What happened that day?

  • November 27, 2002 — the S&P 500 rose 2.80% to 938.87. No single cause for the day could be pinned down
  • It was the day before Thanksgiving. A stack of indicators landed at once, most of them better than expected
  • It undid the previous session's sharp drop in one go
  • The close was the highest since August 26 — nearly two months up from the early-October low
  • It was the thirteenth largest one-day gain of the year
  • The run stopped in November. December turned down, and the low was retested the following March

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 put together from the public record; where a specific source was consulted it is listed above.