S&P 500 · August 3, 1984
The summer rates finally turned
+2.76%
single-day change vs previous close
What happened that day?
- On 3 August 1984 the S&P 500 rose 2.76%
- Stocks had been held down through the first half of that year, because rates were rising again
- The mood changed from late July. The view spread that rates had passed their peak, and bonds moved first
- With bonds up, stocks ran hard over a handful of sessions. This day sat in the middle of that
- Pinning one trigger to this single day is not possible. It reads as a shift in rate expectations spread over several days
- The drop before it was only 0.42% from the peak — the low was already behind it
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.