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Russell 2000 in 1988

The Russell 2000 rose 22.4% in 1988, from 120.42 at the end of 1987 to 147.37. Its highest close was 151.42 on Jul 15, and its lowest 121.23 on Jan 12. The biggest one-day fall was −3.3% on Jan 8 and the biggest rise +2.6% on Jan 4. Adjusted for inflation, it gained 17.2%.

Change in 1988
+22.4%
120.42 → 147.37
High
151.42
Jul 15
Low
121.23
Jan 12
After inflation
+17.2%
US CPI
Up days
157 of 253
longest run 21 up, 6 down
Below record
-14.6%
at the end of 1988

Russell 2000, daily closes 1988

Numbers mark the events below
124136149JanFebMarAprMayJunJulAugSepOctNovDec1Jan 4: Biggest one-day rise of the year: +2.6%.2Jan 8: Reagan receives the Brady Task Force report on the 1987 crash.3Nov 8: George H. W. Bush is elected US president.

Key Events in 1988

What happened, and how the Russell 2000 moved — on the day (or the next trading day) and about a month later.

  1. 1
    Monday, January 4 From the data
    Biggest one-day rise of the year: +2.6%.
  2. 2
    Friday, January 8
    Reagan receives the Brady Task Force report on the 1987 crash. Source
    Russell 2000: −3.3% that day · −1.8% a month later
  3. 3
    Tuesday, November 8
    George H. W. Bush is elected US president. Source
    Russell 2000: +0.4% that day · −0.5% a month later

Biggest days of 1988

Best daysWorst days
Jan 4+2.6%Jan 8−3.3%
Jan 5+2.1%Apr 14−2.4%
Jan 15+1.6%Jan 20−2.2%
Mar 31+1.5%May 11−1.7%
Feb 29+1.4%Aug 10−1.4%

Volatility: 10.0% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan125.24+4.0%128.03121.23
Feb136.10+8.7%136.10125.26
Mar142.15+4.4%143.07136.26
Apr145.01+2.0%145.32140.40
May141.37−2.5%145.32139.20
Jun151.30+7.0%151.30142.80
Jul149.89−0.9%151.42148.77
Aug145.74−2.8%150.67144.00
Sep149.09+2.3%149.09144.56
Oct147.25−1.2%149.15146.67
Nov142.01−3.6%147.21139.87
Dec147.37+3.8%147.37142.56

Other Markets in 1988

Change over the calendar year.

MarketChangeYear-end
Russell 2000+22.4%147.37
Dow Jones Industrial Average in 1988+11.8%2,168.57
S&P 500 in 1988+12.4%277.72
Nasdaq Composite in 1988+15.4%381.40
Nikkei 225 in 1988+39.9%30,159.00
Gold in 1988−15.3%$410.25
Silver in 1988−9.7%$6.05
WTI crude oil in 1988+2.3%$17.12
Brent crude oil in 1988−7.8%$16.23
US 10-year Treasury yield in 1988+0.31 pp9.14%
198719881989

Russell 2000 in 1988: FAQ

How much did the Russell 2000 rise in 1988?

The Russell 2000 rose 22.4% in 1988, from 120.42 at the end of 1987 to 147.37. Its highest close was 151.42 on Jul 15, and its lowest 121.23 on Jan 12. The biggest one-day fall was −3.3% on Jan 8 and the biggest rise +2.6% on Jan 4. Adjusted for inflation, it gained 17.2%.

What were the highest and lowest closes of the Russell 2000 in 1988?

Highest: 151.42 on July 15, 1988. Lowest: 121.23 on January 12, 1988. It closed higher on 157 of 253 trading days.

What happened to the Russell 2000 on January 8, 1988?

Reagan receives the Brady Task Force report on the 1987 crash. The Russell 2000 fell 3.3% that day, and was −1.8% a month later.

Data: Daily closes since Sep 1987. Price index: dividends are not included. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.