The stock market on May 23, 1988
May 23, 1988, a Monday. The S&P 500 fell 0.87% to close at 250.83. Of 6,223 US stocks that traded, 1,409 rose and 2,422 fell.
The S&P 500-0.87%closed at 250.83
How big a move#7,280of 24,799 trading days since 1928
$100 in the index since$3,071price only, to September 24, 2026
Stocks that rose1,409of 6,223; 2,422 fell
Biggest companyInternational Business Machines Corporationby market value that day
Last day of trading for5stocks
Biggest rises among the 500 largest companies
| First Boston Inc (FBC) | +6.2% |
| General Instrument (GIC) | +4.1% |
| DirecTV (GMH) | +3.6% |
Biggest falls among the 500 largest companies
| MCI Communications (MCIC.) | -4.5% |
| Aflac (AFL) | -4.3% |
| Conrail (CRR) | -4.1% |
Stock moves count dividends; the index is price only. Market values after 2024 are estimates.
‹ May 20, 1988 · Every May 23 · May 24, 1988 ›
Ask the Lab what came after a day like thisHistory, not advice. How these numbers are made.