The stock market on May 16, 1989
May 16, 1989, a Tuesday. The S&P 500 fell 0.28% to close at 315.28. Of 5,980 US stocks that traded, 1,662 rose and 1,974 fell.
The S&P 500-0.28%closed at 315.28
How big a move#17,033of 24,799 trading days since 1928
$100 in the index since$2,444price only, to September 24, 2026
Stocks that rose1,662of 5,980; 1,974 fell
Biggest companyInternational Business Machines Corporationby market value that day
Last day of trading for2stocks
Biggest rises among the 500 largest companies
| Masco (MAS) | +5.6% |
| W.R. Grace & Co. (GRA) | +4.9% |
| Reebok International (RBK) | +4.9% |
Biggest falls among the 500 largest companies
| Cray Research (CYR) | -10.8% |
| Newmont Mining (NEM) | -5.5% |
| Johnson Controls (JCI) | -3.4% |
Stock moves count dividends; the index is price only. Market values after 2024 are estimates.
‹ May 15, 1989 · Every May 16 · May 17, 1989 ›
Ask the Lab what came after a day like thisHistory, not advice. How these numbers are made.