The S&P 500 in 2022
The S&P 500 fell 19.4% in 2022, from 4,766.18 to 3,839.50; with dividends reinvested, the total return was −18.1%. That ranks 2022 7th-worst of the 98 complete calendar years since 1928.
- Price return
- −19.4%
- Total return
- −18.1%
- Deepest decline in the year
- −25.4%October 12, 2022
- Year-end close
- 3,839.50December 30, 2022
- Highest close
- 4,796.56January 3, 2022
- Lowest close
- 3,577.03October 12, 2022
- Record closes
- 1
- Trading days
- 251
- Best day
- +5.5%November 10, 2022
- Worst day
- −4.3%September 13, 2022
- Shiller CAPE in January
- 36.9
How 2022 unfolded
The highest close of the year was 4,796.56 on January 3, 2022; the lowest was 3,577.03 on October 12, 2022.
The deepest fall from a peak within the year was −25.4%, bottoming on October 12, 2022.
One close set a new all-time high, on January 3, 2022.
The best session was November 10, 2022 (+5.5%); the worst was September 13, 2022 (−4.3%).
No month of 2022 falls inside an NBER-dated recession.
The Shiller CAPE stood at 36.9 in January 2022.
The VIX averaged 25.6 over the year and closed as high as 36.5 on March 7, 2022.
Drawdowns that touched 2022
| Drawdown | Peak → trough | Decline | Back at the record |
|---|---|---|---|
| Inflation and Rate Hikes | January 3, 2022 → October 12, 2022 | −25.4% | January 19, 2024 |
Every decline of 5% or more from a record close that was under way, or still being recovered, during 2022.
2022 month by month
| Month | Return |
|---|---|
| January | −5.3% |
| February | −3.1% |
| March | +3.6% |
| April | −8.8% |
| May | 0.0% |
| June | −8.4% |
| July | +9.1% |
| August | −4.2% |
| September | −9.3% |
| October | +8.0% |
| November | +5.4% |
| December | −5.9% |
S&P 500 index changes in 2022
| Effective | Added | Removed |
|---|---|---|
| February 2, 2022 | CEG · Constellation Energy | — |
| February 3, 2022 | — | GPS · Gap |
| February 15, 2022 | NDSN · Nordson Corporation | XLNX · Xilinx |
| March 2, 2022 | MOH · Molina Healthcare | INFO · IHS Markit |
| April 4, 2022 | CPT · Camden Property Trust | PBCT · People's United Financial |
| April 11, 2022 | WBD · Warner Bros. Discovery | DISCA · Discovery, Inc. |
| April 11, 2022 | — | DISCK · Discovery, Inc. |
| June 8, 2022 | VICI · Vici Properties | CERN · Cerner |
| June 21, 2022 | — | UA · Under Armour(Class C) |
| June 21, 2022 | KDP · Keurig Dr Pepper | UAA · Under Armour(Class A) |
| June 21, 2022 | ON · ON Semiconductor | IPGP · IPG Photonics |
| September 19, 2022 | CSGP · CoStar Group | PVH · PVH |
| September 19, 2022 | INVH · Invitation Homes | PENN · Penn Entertainment |
| October 3, 2022 | PCG · PG&E | CTXS · Citrix Systems |
| October 3, 2022 | EQT · EQT Corporation | DRE · Duke Realty |
| October 12, 2022 | TRGP · Targa Resources | NLSN · Nielsen Holdings |
| November 1, 2022 | ACGL · Arch Capital Group | TWTR · Twitter |
| December 15, 2022 | MBC · MasterBrand | — |
| December 19, 2022 | FSLR · First Solar | FBHS · Fortune Brands Home & Security |
| December 19, 2022 | — | MBC · MasterBrand |
| December 22, 2022 | STLD · Steel Dynamics | ABMD · Abiomed |
21 changes took effect in 2022.
What $10,000 at the start of 2022 became
$10,000 invested in the S&P 500 at the start of 2022, with dividends reinvested, grew to $15,241 by the end of 2025: 11.1% a year. On price alone, without dividends, it came to $14,363.
FAQ
What was the S&P 500 return in 2022?
The S&P 500 fell 19.4% in 2022, from 4,766.18 to 3,839.50; with dividends reinvested, the total return was −18.1%.
How far did the S&P 500 fall in 2022?
Its deepest peak-to-trough decline within 2022 was −25.4%, reaching bottom on October 12, 2022.
Was 2022 part of a bear market?
Yes. 2022 falls inside the 2022 bear market (Inflation and Rate Hikes), when the S&P 500 fell 25.4% from its record close on January 3, 2022 to its low on October 12, 2022.
Did the S&P 500 hit a record high in 2022?
Yes, once: the close on January 3, 2022 set a new all-time high, the only one in 2022.
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) · Monthly returns · Index changes · VIX daily closes
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.