S&P 500 Snapshot: Largest Loss in Six Months

Market Performance - The S&P 500 reached two new record highs before experiencing its largest daily loss in six months, dropping -2.7% on Friday and resulting in a weekly loss of -2.4% [1] - The index has shown significant volatility, with the largest intraday price volatility recorded at 10.77% on April 9, 2023, since December 24, 2018 [3] Historical Context - The S&P 500 peaked at 1565.15 on October 9, 2007, before a decline of approximately 57% during the Global Financial Crisis, reaching a low of 676.53 on March 9, 2009 [1] - It took over five years for the index to recover and reach a new all-time high of 1569.19 on March 28, 2013 [1] Moving Averages - The S&P 500 has been above the 50-day moving average since May 1, 2023, and above the 200-day moving average since May 12, 2023, with the 50-day moving average surpassing the 200-day moving average since July 1, 2023 [2] Index Comparison - Year-to-date performance shows the S&P 500 up 11.65%, while the S&P Equal Weight Index, which equally weights the same constituents, is up 5.96% [4]