S&P 500 · November 13, 2007
An oversold bounce
+2.91%
single-day change vs previous close
Part of a longer stretch
The Global Financial Crisis bear market
early in it · 2007-10-09 → 2009-03-09, -56.78% over the whole period
What happened that day?
- On 13 November 2007 the S&P 500 rose 2.91%
- The index had been falling through November. Better-than-expected retailer results were cited
- The market swung between bank loss headlines and data showing consumers still holding up
- Hopes of further Fed cuts also lifted prices repeatedly
- No single trigger can be pinned to this day
- In this stretch the index was 18.64% below its peak
- The Fed did cut all the way to near zero over that year and the next
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.