S&P 500 · October 28, 2020
The day Europe locked down again
-3.53%
single-day change vs previous close
What happened that day?
- On 28 October 2020 the S&P 500 fell 3.53%
- France and Germany announced second lockdowns that day, as infections rose sharply again across Europe
- In the spring, people had assumed one lockdown would be the end of it. A second one changed the arithmetic
- The US election was also six days away. With the result unreadable, positions were cut to reduce risk
- A further US stimulus package looked unlikely to pass before the vote
- The recovery was quick, though. The election and vaccine news sent the index to new highs in November
- This pullback was 9.6% from the 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.