S&P 500 · July 7, 2010
Three days past the low
+3.13%
single-day change vs previous close
Part of a longer stretch
The rise the second round of QE bought
early in it · 2010-07-02 → 2011-04-29, +33.35% over the whole period
What happened that day?
- On 7 July 2010 the S&P 500 rose 3.13%
- Five days earlier, 2 July, had been the low of the stretch — 15.99% below the peak
- European bank stress tests were under way and expectations spread that the results would not be bad
- US retailer results also came in better than forecast
- No single trigger can be pinned to this day
- The run that began here carried to April 2011 and finished up 33.35%
- Its main support was the Fed's second round of quantitative easing
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.