S&P 500 in 1977

The S&P 500 fell 11.5% in 1977, from 107.46 at the end of 1976 to 95.10. Its highest close was 107.00 on Jan 3, and its lowest 90.71 on Nov 2. The biggest one-day fall was −1.6% on Jul 27 and the biggest rise +1.9% on Nov 10. Adjusted for inflation, it lost 17.1%.

Change in 1977

−11.5%

107.46 → 95.10

High

107.00

Jan 3

Low

90.71

Nov 2

After inflation

−17.1%

US CPI

Up days

118 of 252

longest run 7 up, 8 down

Below record

-20.9%

at the end of 1977

S&P 500, daily closes 1977

Numbers mark the events below

Key Events in 1977

What happened, and how the S&P 500 moved — on the day (or the next trading day) and about a month later.

1
Thursday, July 14

NYSE stays closed for the day after the New York City blackout. Source

S&P 500: +0.6% next trading day (Jul 15) · −1.7% a month later
2
Wednesday, July 27 From the data

Biggest one-day fall of the year: −1.6%.
3
Thursday, November 10 From the data

Biggest one-day rise of the year: +1.9%.

Biggest days of 1977

Best days		Worst days
Nov 10	+1.9%	Jul 27	−1.6%
Nov 11	+1.3%	Nov 29	−1.6%
Apr 12	+1.3%	Dec 6	−1.5%
Oct 26	+1.2%	Apr 22	−1.3%
Jun 14	+1.1%	Apr 25	−1.3%

Volatility: 9.1% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	102.03	−5.1%	107.00	101.79
Feb	99.82	−2.2%	102.54	99.48
Mar	98.42	−1.4%	102.17	98.42
Apr	98.44	0.0%	101.04	97.11
May	96.12	−2.4%	100.30	96.12
Jun	100.48	+4.5%	101.19	96.74
Jul	98.85	−1.6%	101.79	98.64
Aug	96.77	−2.1%	99.12	96.06
Sep	96.53	−0.2%	98.01	95.04
Oct	92.34	−4.3%	96.74	91.00
Nov	94.83	+2.7%	96.69	90.71
Dec	95.10	+0.3%	95.10	92.50

Other Markets in 1977

Change over the calendar year.

Market	Change	Year-end
S&P 500	−11.5%	95.10
Dow Jones Industrial Average in 1977	−17.3%	831.17
Nasdaq Composite in 1977	+7.3%	105.05
Gold in 1977	+22.6%	$164.95
Silver in 1977	+9.2%	$4.76
US 10-year Treasury yield in 1977	+0.97 pp	7.78%

1970 1971 1972 1973 1974 1975 1976 1977 1978 1979

S&P 500 in 1977: FAQ

How much did the S&P 500 fall in 1977?

What were the highest and lowest closes of the S&P 500 in 1977?

Highest: 107.00 on January 3, 1977. Lowest: 90.71 on November 2, 1977. It closed higher on 118 of 252 trading days.

What happened to the S&P 500 on July 14, 1977?

NYSE stays closed for the day after the New York City blackout. The S&P 500 rose 0.6% on the next trading day (July 15, 1977), and was −1.7% a month later.

Data: Daily closes since 1950 (price index, excluding dividends). 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.