Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

Showing Original Post only (View all)

progree

(12,185 posts)
Tue Mar 4, 2025, 12:04 PM Mar 2025

S&P 500 closed Friday 8/8 at 6389, up 0.8% for the day, and up 8.6% year-to-date [View all]

This discussion thread is pinned.

Last edited Fri Aug 8, 2025, 06:03 PM - Edit history (140)

Year to date (YTD) is from the Dec 31 closing level.

https://finance.yahoo.com/
https://finance.yahoo.com/news/live/stock-market-today-nasdaq-hits-fresh-record-sp-500-dow-rise-as-wall-street-closes-winning-week-on-high-note-200211215.html
(scroll down the page for other market stories from today)

The tech-heavy Nasdaq Composite (^IXIC) climbed nearly 1% to set its second record close in a row.

All three major averages posted gains for the week.

about 90% of bets are on the Fed cutting rates in September after last week’s disappointing labor data. Next Tuesday, investors will scour the monthly inflation report for clues on the central bank’s next policy move.

Optimism over a September Fed rate cut has grown since last week's poor labor market data release. Trump's nomination of Miran to serve as a Fed board governor has also fueled speculation that the central bank will be less restrictive in its monetary policy.

Trump says US court ruling against tariff authority 'would be 1929 all over again'
((the Smooth-Hawley Act of 1930's big tariffs were imposed after the Great Depression's start and are widely credited with prolonging the Depression -Progree))

Data from the Treasury Department showed the government brought in $26.6 billion in customs duties in June, an increase from $22.2 billion in May, bringing the tally for the government's fiscal year to $108 billion. Final figures from Treasury for July's tariff-related haul are expected next week. A court ruling could force the government to pay back these receipts.

How major US stock indexes fared Friday, 8/8/2025
https://finance.yahoo.com/news/major-us-stock-indexes-fared-201542583.html
For the week S&P 500 up 2.4%, the Dow up 1.3%, the Nasdaq up 3.9%, The Russell 2000 up 2.4%
It also has For The Year ((since Dec 31 -P)) S&P 500 +8.6%, Dow +3.8%, Nasdaq+11.1%, Russell 2000 MINUS 0.5%

=============================================
The S&P 500 closed Friday August 8 at 6389, up 0.8% for the day,
and up 10.5% from the 5783 election day closing level,
and up 6.5% from the inauguration eve closing level,
and up 8.6% year-to-date,

S&P 500
# Election day close (11/5/24) 5783
# Last close before inauguration day: (1/17/25): 5997
# 2024 year-end close (12/31/24): 5882
# All-time closing high (2/19/25): 6144, until 6/27/25 when it closed at 6173
. . . With the new all-time high closing on June 27, we are in a bull market by any and all definitions
# Trump II era low point (going all the way back to election day Nov5): 4983 on April 8

# Several market indexes: https://finance.yahoo.com/
# S&P 500: https://finance.yahoo.com/quote/%5EGSPC/
https://finance.yahoo.com/quote/%5EGSPC/history/

========================================================

I'm not a fan of the DOW as it is a cherry-picked collection of just 30 stocks that are price-weighted, which is silly. But since there is an automatically updating embedded graphic, here it is. It takes several, like 6 hours, after the close for it to update, like about 10 PM EDT.
(If it still isn't updated, try right-clicking on it and opening in a new tab. #OR# click on https://finance.yahoo.com/quote/%5EDJI/ ).

The Dow closed Thursday at 43,969, and it closed Friday at 44,176, a rise of 0.5% (207 points) for the day

It closed last Wednesday, July 23, just 4 points below its 45,014 all-time high set in December. But now it's 838 points away from that.

I don't maintain statistics for the DOW like percent up or down since election day, or year-to-date, or from the all-time high etc. like I do for the S&P 500.

https://finance.yahoo.com/
DOW: https://finance.yahoo.com/quote/%5EDJI/
. . . . . . https://finance.yahoo.com/quote/%5EDJI/history/

DOW
# Election day close (11/5/24) 42,222
# Last close before inauguration day: (1/17/25): 43,488
# 2024 year-end close (12/31/24): 42,544
# DOW All Time High: 12/4/24: 45,014

# Correction level beginning 10% down: 40,513,
# Bear market level: beginning 20% down: 36,011 (we've not reached that level yet in Trump II so far)

DJIA means Dow Jones Industrials Average. It takes about 6 hours after the close to update, so check it after 10 PM EDT


I don't have an embeddable graph for the S&P 500, unfortunately, but to see its graph, click on https://finance.yahoo.com/quote/%5EGSPC/

While I'm at it, I might as well show Oil and the Dollar:

Crude Oil


US Dollar Index (DX-Y.NYB)


If you see a tiny graphics square above and no graph, right click on the square and choose "load image". There should be a total of 3 graphs. And remember that it typically takes about 6 hours after the close before these graphs update.

14 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Kicking for the milestone update - S&P 500's first close below the election day close. How major indexes fared: progree Mar 2025 #1
Kicking: update for Thurs. March 6 close. The "Trump Trade" is back underwater after losing 1.8% for the day (S&P 500) progree Mar 2025 #2
Kicking: Update: S&P 500 closed Friday at 5770, up 0.5% for the day but still below the election day close progree Mar 2025 #3
Update: S&P 500 closed Monday 3/10 at 5615, down 2.7% for the day and 2.9% below the election day close progree Mar 2025 #4
Update: S&P 500 closed Tuesday 3/11 at 5572, down 0.8% for the day, briefly fell into correction territory progree Mar 2025 #5
S&P 500 closed Wednesday 3/12 at 5599, up 0.5% for the day, but down 3.2% since election day progree Mar 2025 #6
Update: S&P 500 closed Thursday at 5522, down 1.4% for the day, and MORE THAN 10% down from the all-time high progree Mar 2025 #7
Update: S&P 500 closed Friday at 5639, up 2.1% for the day, and down 2.5% since election day progree Mar 2025 #8
Update: S&P 500 closed Monday at 5675, up 0.6% for the day, and down 1.9% since election day progree Mar 2025 #9
Update: S&P 500 closed Tuesday at 5615, down 1.1% for the day, and down 2.9% since election day progree Mar 2025 #10
S&P 500 closed Tuesday 3/25 at 5777, up 0.2% for the day, down 0.1% since election day, down 6.0% from ATH progree Mar 2025 #11
S&P 500 closed Wednesday 4/02 at 5671, up 0.7% for the day, down 1.9% since election day, down 7.7% from ATH progree Apr 2025 #12
We're nearing the top. Arizona78 Jul 4 #13
Krugman Arizona78 Jul 4 #14
Latest Discussions»Issue Forums»Economy»S&P 500 closed Friday 8/8...»Reply #0