The S&P 500 in 1984
The S&P 500 rose 1.4% in 1984, from 164.93 to 167.24; with dividends reinvested, the total return was +6.2%. That ranks 1984 35th-worst of the 98 complete calendar years since 1928.
- Price return
- +1.4%
- Total return
- +6.2%
- Deepest decline in the year
- −12.7%July 24, 1984
- Year-end close
- 167.24December 31, 1984
- Highest close
- 170.41November 6, 1984
- Lowest close
- 147.82July 24, 1984
- Record closes
- 0
- Trading days
- 253
- Best day
- +2.8%August 3, 1984
- Worst day
- −1.8%February 8, 1984
- Shiller CAPE in January
- 9.9
How 1984 unfolded
The highest close of the year was 170.41 on November 6, 1984; the lowest was 147.82 on July 24, 1984.
The deepest fall from a peak within the year was −12.7%, bottoming on July 24, 1984.
No close set a new all-time high.
The best session was August 3, 1984 (+2.8%); the worst was February 8, 1984 (−1.8%).
No month of 1984 falls inside an NBER-dated recession.
The Shiller CAPE stood at 9.9 in January 1984.
Drawdowns that touched 1984
| Drawdown | Peak → trough | Decline | Back at the record |
|---|---|---|---|
| Correction (10–20%) | October 10, 1983 → July 24, 1984 | −14.4% | January 21, 1985 |
Every decline of 5% or more from a record close that was under way, or still being recovered, during 1984.
What $10,000 at the start of 1984 became
$10,000 invested in the S&P 500 at the start of 1984, with dividends reinvested, grew to $1,075,162 by the end of 2025: 11.8% a year. On price alone, without dividends, it came to $415,021.
FAQ
What was the S&P 500 return in 1984?
The S&P 500 rose 1.4% in 1984, from 164.93 to 167.24; with dividends reinvested, the total return was +6.2%.
How far did the S&P 500 fall in 1984?
Its deepest peak-to-trough decline within 1984 was −12.7%, reaching bottom on July 24, 1984.
Was 1984 part of a bear market?
No. No decline of 20% or more from a record close was under way in 1984.
Did the S&P 500 hit a record high in 1984?
No. The index never closed above its previous record in 1984.
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.