The stock market on May 16, 1988
May 16, 1988, a Monday. The S&P 500 rose 0.75% to close at 258.71. Of 6,224 US stocks that traded, 1,929 rose and 1,727 fell.
The S&P 500+0.75%closed at 258.71
How big a move#8,613of 24,799 trading days since 1928
$100 in the index since$2,978price only, to September 24, 2026
Stocks that rose1,929of 6,224; 1,727 fell
Biggest companyInternational Business Machines Corporationby market value that day
Last day of trading for3stocks
Biggest rises among the 500 largest companies
| Premier Industrial Cp (PRE) | +5.0% |
| CA Technologies (CA) | +4.9% |
| Bank of New York Co. (BK) | +4.1% |
Biggest falls among the 500 largest companies
| KeySpan (KSE) | -4.7% |
| DirecTV (GMH) | -3.5% |
| Affiliated Pubns (AFP) | -3.1% |
Stock moves count dividends; the index is price only. Market values after 2024 are estimates.
‹ May 13, 1988 · Every May 16 · May 17, 1988 ›
Ask the Lab what came after a day like thisHistory, not advice. How these numbers are made.