The stock market on February 8, 1989
February 8, 1989, a Wednesday. The S&P 500 fell 0.33% to close at 298.65. Of 6,045 US stocks that traded, 1,872 rose and 1,827 fell.
The S&P 500-0.33%closed at 298.65
How big a move#15,916of 24,799 trading days since 1928
$100 in the index since$2,580price only, to September 24, 2026
Stocks that rose1,872of 6,045; 1,827 fell
Biggest companyInternational Business Machines Corporationby market value that day
Last day of trading for1stock
Biggest rises among the 500 largest companies
| Southern New Eng Telecomm (SNG) | +5.0% |
| Smithkline Beckman Corp (SKB) | +4.0% |
| Morgan Stanley (MWD) | +3.8% |
Biggest falls among the 500 largest companies
| Intel (INTC) | -5.4% |
| Intergraph Corp (INGR.) | -5.1% |
| Sun Microsystems (SUNW) | -4.2% |
Stock moves count dividends; the index is price only. Market values after 2024 are estimates.
‹ February 7, 1989 · Every February 8 · February 9, 1989 ›
Ask the Lab what came after a day like thisHistory, not advice. How these numbers are made.