S&P 500 falls for third straight week, sits 3.05% below record
The gist
The S&P 500 closed at 7,580.07 on Oct 30, down 1.82% and nearly 0.57% for the week.
Its valuation is near dot-com-era highs, so investors weigh rich prices against seasonal history.
How it unfolded
- Oct 6, 2026The S&P 500 reached its record close.
- Oct 28, 2026The index's Shiller CAPE ratio hit 41, close to its all-time high of 44.2 from the 2000 dot-com peak; the index was only 2.5% below its peak as of the prior Friday's close.
- Oct 29, 2026Chase's market takeaways noted the S&P 500 Equal Weight Index rose about 4% in October while the Nasdaq 100 fell as much as 8% from peak to trough before recouping; the share of S&P 500 stocks hitting new 20-day highs exceeded 50% for the first time since Q2 2025.