The stock market on May 23, 1989
May 23, 1989, a Tuesday. The S&P 500 fell 1.14% to close at 318.32. Of 5,979 US stocks that traded, 1,501 rose and 2,184 fell.
The S&P 500-1.14%closed at 318.32
How big a move#4,942of 24,799 trading days since 1928
$100 in the index since$2,420price only, to September 24, 2026
Stocks that rose1,501of 5,979; 2,184 fell
Biggest companyInternational Business Machines Corporationby market value that day
Last day of trading for2stocks
Biggest rises among the 500 largest companies
| Maytag (MYG) | +3.6% |
| MCI Communications (MCIC.) | +2.9% |
| Burlington Resources (BR) | +2.9% |
Biggest falls among the 500 largest companies
| Ryder System (R) | -5.4% |
| Quantum Chemical (CUE) | -4.5% |
| Microsoft (MSFT) | -4.4% |
Stock moves count dividends; the index is price only. Market values after 2024 are estimates.
‹ May 22, 1989 · Every May 23 · May 24, 1989 ›
Ask the Lab what came after a day like thisHistory, not advice. How these numbers are made.