Investing April 25, 2001

S&P 500 Takes Participants, Sponsors On Wild Ride

April 25, 2001 (PLANSPONSOR.com) - Participants and plan sponsors alike could certainly be experiencing motion sickness, with the daily change in the widely represented S&P 500 index hitting levels not seen in a half century.
Reported by

According to Standard & Poor’s, the average daily change ? 1.25% – exceeds any comparable full-year figure on record since S&P began tracking the number in 1950.

The daily average beats the 1.13% recorded during the crash in October 1987, which saw the S&P 500 plummeting down 21.8% that month. It’s also higher than the 1.06% average daily change in 1974’s bear market .

The S&P 500 lost about a third of its value between January first and its 2001 low on April 4. It since has reclaimed some of these losses and is currently 18% lower for the year.

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