The S&P 500 in 2024
The S&P 500 rose 23.3% in 2024, from 4,769.83 to 5,881.63; with dividends reinvested, the total return was +25.0%. That ranks 2024 24th-best of the 98 complete calendar years since 1928.
- Price return
- +23.3%
- Total return
- +25.0%
- Deepest decline in the year
- −8.5%August 5, 2024
- Year-end close
- 5,881.63December 31, 2024
- Highest close
- 6,090.27December 6, 2024
- Lowest close
- 4,688.68January 4, 2024
- Record closes
- 57
- Trading days
- 252
- Best day
- +2.5%November 6, 2024
- Worst day
- −3.0%August 5, 2024
- Shiller CAPE in January
- 32.0
How 2024 unfolded
The highest close of the year was 6,090.27 on December 6, 2024; the lowest was 4,688.68 on January 4, 2024.
The deepest fall from a peak within the year was −8.5%, bottoming on August 5, 2024.
57 closes set new all-time highs, the last on December 6, 2024.
The best session was November 6, 2024 (+2.5%); the worst was August 5, 2024 (−3.0%).
No month of 2024 falls inside an NBER-dated recession.
The Shiller CAPE stood at 32.0 in January 2024.
The VIX averaged 15.6 over the year and closed as high as 38.6 on August 5, 2024.
Drawdowns that touched 2024
| Drawdown | Peak → trough | Decline | Back at the record |
|---|---|---|---|
| Inflation and Rate Hikes | January 3, 2022 → October 12, 2022 | −25.4% | January 19, 2024 |
| Delayed-cut fears | March 28, 2024 → April 19, 2024 | −5.5% | May 15, 2024 |
| Nikkei shock | July 16, 2024 → August 5, 2024 | −8.5% | September 19, 2024 |
Every decline of 5% or more from a record close that was under way, or still being recovered, during 2024.
2024 month by month
| Month | Return |
|---|---|
| January | +1.6% |
| February | +5.2% |
| March | +3.1% |
| April | −4.2% |
| May | +4.8% |
| June | +3.5% |
| July | +1.1% |
| August | +2.3% |
| September | +2.0% |
| October | −1.0% |
| November | +5.7% |
| December | −2.5% |
S&P 500 index changes in 2024
| Effective | Added | Removed |
|---|---|---|
| March 18, 2024 | SMCI · Supermicro | WHR · Whirlpool Corporation |
| March 18, 2024 | DECK · Deckers Brands | ZION · Zions Bancorporation |
| April 1, 2024 | SOLV · Solventum | — |
| April 2, 2024 | GEV · GE Vernova | — |
| April 3, 2024 | — | XRAY · Dentsply Sirona |
| April 3, 2024 | — | VFC · VF Corporation |
| May 8, 2024 | VST · Vistra | PXD · Pioneer Natural Resources |
| June 24, 2024 | KKR · KKR | RHI · Robert Half |
| June 24, 2024 | CRWD · CrowdStrike | CMA · Comerica |
| June 24, 2024 | GDDY · GoDaddy | ILMN · Illumina, Inc. |
| September 23, 2024 | PLTR · Palantir Technologies | AAL · American Airlines Group |
| September 23, 2024 | DELL · Dell Technologies | ETSY · Etsy |
| September 23, 2024 | ERIE · Erie Indemnity | BIO · Bio-Rad Laboratories |
| September 30, 2024 | AMTM · Amentum | — |
| October 1, 2024 | — | BBWI · Bath & Body Works, Inc. |
| November 26, 2024 | TPL · Texas Pacific Land Corporation | MRO · Marathon Oil |
| December 23, 2024 | APO · Apollo Global Management | QRVO · Qorvo |
| December 23, 2024 | WDAY · Workday | AMTM · Amentum Holdings |
| December 23, 2024 | LII · Lennox International | CTLT · Catalent |
19 changes took effect in 2024.
What $10,000 at the start of 2024 became
$10,000 invested in the S&P 500 at the start of 2024, with dividends reinvested, grew to $14,737 by the end of 2025: 21.4% a year. On price alone, without dividends, it came to $14,352.
FAQ
What was the S&P 500 return in 2024?
The S&P 500 rose 23.3% in 2024, from 4,769.83 to 5,881.63; with dividends reinvested, the total return was +25.0%.
How far did the S&P 500 fall in 2024?
Its deepest peak-to-trough decline within 2024 was −8.5%, reaching bottom on August 5, 2024.
Was 2024 part of a bear market?
No. No decline of 20% or more from a record close was under way in 2024.
Did the S&P 500 hit a record high in 2024?
Yes: 57 closes set new all-time highs in 2024, the last on December 6, 2024.
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.