S&P 500 · June 11, 2020
The Second-Wave Scare
-5.89%
single-day change vs previous close
Part of a longer stretch
The COVID rebound
midway through · 2020-03-23 → 2020-08-18, +51.51% over the whole period
What happened that day?
- 11 June 2020 — S&P 500 fell 5.89%, after climbing almost without pause since the March low
- Two things coincided: case counts rising again in US states that had eased restrictions
- And that same week, the Fed projecting that recovery would take considerable time
- Markets had priced a fast recovery. When that premise wobbled, they gave back part of the rebound
- The decline lasted only days
- Across the whole pandemic episode March dominated: the 33.92% peak-to-trough figure recorded then remained the final number
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.