The S&P 500 experienced its worst day since August on Monday, dropped into correction territory on Thursday, and posted its best day since the election on Friday. The volatile week led to a weekly loss of 2.3%, the index's fourth consecutive week in the red. This ties the longest weekly losing streak for the index in nearly eight months. The index is now 8.22% below its record close from February 19th, 2025 and is down 3.91% year to date.
The table below summarizes the number of record highs reached each year dating back to 2013.
Here is a snapshot of the index from the past week:
Here is a snapshot of the index from the past six months with a 50-day moving average:
S&P 500: A Perspective on Drawdowns
On October 9, 2007 the S&P 500 reached a then all-time high, closing the day at 1565.15. Then on March 9, 2009, the index dropped ~57% off of its high from exactly 17 months before, closing the day at 676.53. This time period became known as the Global Financial Crisis. It took over 5 years before the index reached a new then all-time high on March 28, 2013, where it closed out at 1569.19. The chart below is a snapshot of record highs and selloffs since the 2007 peak reached on October 9, 2007.
What happens if we take out the Global Financial Crisis? Here's a snapshot the same chart above where the start date has been changed to the trough reached on March 9, 2009. Note the recent selloffs in 2022.
Here's a few tables with the number of days of a 1% or greater change in either direction and the number of days of corrections (down 10% or more from the record high).
