The S&P 500 in 1935
The S&P 500 rose 41.4% in 1935, from 9.50 to 13.43; with dividends reinvested, the total return was +46.7%. That ranks 1935 3rd-best of the 98 complete calendar years since 1928.
- Price return
- +41.4%
- Total return
- +46.7%
- Deepest decline in the year
- −15.9%March 14, 1935
- Year-end close
- 13.43December 31, 1935
- Highest close
- 13.46November 19, 1935
- Lowest close
- 8.06March 14, 1935
- Record closes
- 0
- Trading days
- 250
- Best day
- +9.6%April 17, 1935
- Worst day
- −10.0%April 16, 1935
- Shiller CAPE in January
- 11.5
How 1935 unfolded
The highest close of the year was 13.46 on November 19, 1935; the lowest was 8.06 on March 14, 1935.
The deepest fall from a peak within the year was −15.9%, bottoming on March 14, 1935.
No close set a new all-time high.
The best session was April 17, 1935 (+9.6%); the worst was April 16, 1935 (−10.0%).
No month of 1935 falls inside an NBER-dated recession.
The Shiller CAPE stood at 11.5 in January 1935.
Drawdowns that touched 1935
| Drawdown | Peak → trough | Decline | Back at the record |
|---|---|---|---|
| The 1929 Crash and the Great Depression | September 16, 1929 → June 1, 1932 | −86.2% | September 22, 1954 |
Every decline of 5% or more from a record close that was under way, or still being recovered, during 1935.
What $10,000 at the start of 1935 became
$10,000 invested in the S&P 500 at the start of 1935, with dividends reinvested, grew to $159,503,139 by the end of 2025: 11.2% a year. On price alone, without dividends, it came to $7,205,964.
FAQ
What was the S&P 500 return in 1935?
The S&P 500 rose 41.4% in 1935, from 9.50 to 13.43; with dividends reinvested, the total return was +46.7%.
How far did the S&P 500 fall in 1935?
Its deepest peak-to-trough decline within 1935 was −15.9%, reaching bottom on March 14, 1935.
Was 1935 part of a bear market?
No. No decline of 20% or more from a record close was under way in 1935.
Did the S&P 500 hit a record high in 1935?
No. The index never closed above its previous record in 1935.
Data and sources
Daily closes · Calendar-year price returns · Calendar-year total returns · Intra-year declines · Drawdowns from record closes · Shiller CAPE · NBER recession months (via FRED)
Index levels are daily closes. Price return leaves dividends out; total return reinvests them. A past year's page changes only when a later year completes and the rankings move.