S&P 500 in 2023

The S&P 500 rose 24.2% in 2023, from 3,839.50 at the end of 2022 to 4,769.83. Its highest close was 4,783.35 on Dec 28, and its lowest 3,808.10 on Jan 5. The biggest one-day fall was −2.0% on Feb 21 and the biggest rise +2.3% on Jan 6. Adjusted for inflation, it gained 20.2%.

Change in 2023

+24.2%

3,839.50 → 4,769.83

High

4,783.35

Dec 28

Low

3,808.10

Jan 5

After inflation

+20.2%

US CPI

Up days

137 of 250

longest run 8 up, 5 down

Below record

-0.6%

at the end of 2023

S&P 500, daily closes 2023

Numbers mark the events below

Key Events in 2023

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

1
Friday, January 6 From the data

Biggest one-day rise of the year: +2.3%.
2
Tuesday, February 21 From the data

Biggest one-day fall of the year: −2.0%.
3
Friday, March 10

Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. Source

S&P 500: −1.4% that day · +4.9% a month later
4
Sunday, March 19

UBS agrees to take over Credit Suisse in a deal brokered by the Swiss government. Source

S&P 500: +0.9% next trading day (Mar 20) · +6.1% a month later
5
Monday, May 1

First Republic Bank is closed by regulators and its assets sold to JPMorgan Chase. Source

S&P 500: 0.0% that day · +0.9% a month later
6
Saturday, October 7

Hamas launches attacks on Israel, starting the Gaza war. Source

S&P 500: +0.6% next trading day (Oct 9) · +1.3% a month later

Biggest days of 2023

Best days		Worst days
Jan 6	+2.3%	Feb 21	−2.0%
Apr 27	+2.0%	Mar 9	−1.8%
Nov 14	+1.9%	Mar 22	−1.6%
Jan 20	+1.9%	Sep 21	−1.6%
Nov 2	+1.9%	Apr 25	−1.6%

Volatility: 13.1% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	4,076.60	+6.2%	4,076.60	3,808.10
Feb	3,970.15	−2.6%	4,179.76	3,970.04
Mar	4,109.31	+3.5%	4,109.31	3,855.76
Apr	4,169.48	+1.5%	4,169.48	4,055.99
May	4,179.83	+0.2%	4,205.52	4,061.22
Jun	4,450.38	+6.5%	4,450.38	4,221.02
Jul	4,588.96	+3.1%	4,588.96	4,398.95
Aug	4,507.66	−1.8%	4,576.73	4,369.71
Sep	4,288.05	−4.9%	4,515.77	4,273.53
Oct	4,193.80	−2.2%	4,376.95	4,117.37
Nov	4,567.80	+8.9%	4,567.80	4,237.86
Dec	4,769.83	+4.4%	4,783.35	4,549.34

Other Markets in 2023

Change over the calendar year.

Market	Change	Year-end
S&P 500	+24.2%	4,769.83
Dow Jones Industrial Average in 2023	+13.7%	37,689.54
Nasdaq Composite in 2023	+43.4%	15,011.35
Russell 2000 in 2023	+15.1%	2,027.07
Nikkei 225 in 2023	+28.2%	33,464.17
Gold in 2023	+13.4%	$2,071.80
Silver in 2023	0.0%	$23.85
WTI crude oil in 2023	−10.7%	$71.65
Brent crude oil in 2023	−10.3%	$77.04
US 10-year Treasury yield in 2023	−0.01 pp	3.87%

2020 2021 2022 2023 2024 2025 2026

S&P 500 in 2023: FAQ

How much did the S&P 500 rise in 2023?

What were the highest and lowest closes of the S&P 500 in 2023?

Highest: 4,783.35 on December 28, 2023. Lowest: 3,808.10 on January 5, 2023. It closed higher on 137 of 250 trading days.

What happened to the S&P 500 on March 10, 2023?

Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. The S&P 500 fell 1.4% that day, and was +4.9% 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.