The S&P 500 in 1965
The S&P 500 rose 9.1% in 1965, from 84.75 to 92.43; with dividends reinvested, the total return was +12.4%. That ranks 1965 45th-worst of the 98 complete calendar years since 1928.
- Price return
- +9.1%
- Total return
- +12.4%
- Deepest decline in the year
- −9.6%June 28, 1965
- Year-end close
- 92.43December 31, 1965
- Highest close
- 92.63November 15, 1965
- Lowest close
- 81.60June 28, 1965
- Record closes
- 37
- Trading days
- 252
- Best day
- +2.1%June 30, 1965
- Worst day
- −1.8%June 2, 1965
- Shiller CAPE in January
- 23.3
How 1965 unfolded
The highest close of the year was 92.63 on November 15, 1965; the lowest was 81.60 on June 28, 1965.
The deepest fall from a peak within the year was −9.6%, bottoming on June 28, 1965.
37 closes set new all-time highs, the last on November 15, 1965.
The best session was June 30, 1965 (+2.1%); the worst was June 2, 1965 (−1.8%).
No month of 1965 falls inside an NBER-dated recession.
The Shiller CAPE stood at 23.3 in January 1965.
Drawdowns that touched 1965
| Drawdown | Peak → trough | Decline | Back at the record |
|---|---|---|---|
| Pullback (5–10%) | May 13, 1965 → June 28, 1965 | −9.6% | September 27, 1965 |
Every decline of 5% or more from a record close that was under way, or still being recovered, during 1965.
What $10,000 at the start of 1965 became
$10,000 invested in the S&P 500 at the start of 1965, with dividends reinvested, grew to $4,501,068 by the end of 2025: 10.5% a year. On price alone, without dividends, it came to $807,597.
FAQ
What was the S&P 500 return in 1965?
The S&P 500 rose 9.1% in 1965, from 84.75 to 92.43; with dividends reinvested, the total return was +12.4%.
How far did the S&P 500 fall in 1965?
Its deepest peak-to-trough decline within 1965 was −9.6%, reaching bottom on June 28, 1965.
Was 1965 part of a bear market?
No. No decline of 20% or more from a record close was under way in 1965.
Did the S&P 500 hit a record high in 1965?
Yes: 37 closes set new all-time highs in 1965, the last on November 15, 1965.
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.