The S&P 500 in 1943
The S&P 500 rose 19.4% in 1943, from 9.77 to 11.67; with dividends reinvested, the total return was +25.1%. That ranks 1943 30th-best of the 98 complete calendar years since 1928.
- Price return
- +19.4%
- Total return
- +25.1%
- Deepest decline in the year
- −13.1%November 29, 1943
- Year-end close
- 11.67December 31, 1943
- Highest close
- 12.64July 14, 1943
- Lowest close
- 9.89January 6, 1943
- Record closes
- 0
- Trading days
- 250
- Best day
- +2.2%August 3, 1943
- Worst day
- −4.0%April 9, 1943
- Shiller CAPE in January
- 10.2
How 1943 unfolded
The highest close of the year was 12.64 on July 14, 1943; the lowest was 9.89 on January 6, 1943.
The deepest fall from a peak within the year was −13.1%, bottoming on November 29, 1943.
No close set a new all-time high.
The best session was August 3, 1943 (+2.2%); the worst was April 9, 1943 (−4.0%).
No month of 1943 falls inside an NBER-dated recession.
The Shiller CAPE stood at 10.2 in January 1943.
Drawdowns that touched 1943
| 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 1943.
What $10,000 at the start of 1943 became
$10,000 invested in the S&P 500 at the start of 1943, with dividends reinvested, grew to $107,312,610 by the end of 2025: 11.8% a year. On price alone, without dividends, it came to $7,006,770.
FAQ
What was the S&P 500 return in 1943?
The S&P 500 rose 19.4% in 1943, from 9.77 to 11.67; with dividends reinvested, the total return was +25.1%.
How far did the S&P 500 fall in 1943?
Its deepest peak-to-trough decline within 1943 was −13.1%, reaching bottom on November 29, 1943.
Was 1943 part of a bear market?
No. No decline of 20% or more from a record close was under way in 1943.
Did the S&P 500 hit a record high in 1943?
No. The index never closed above its previous record in 1943.
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.