Where Data Tells the Story
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After reaching a record $61.4 trillion (index at 6,891) on October 28–29, 2025, the total market capitalization of the S&P 500 eased to $61.0 trillion at the end of October and further declined to $60.4 trillion (-1.2%, or -$0.7 trillion) by November 4, 2025. Despite the pullback, the index remains up 15.6% year-to-date, representing an $8.1 trillion increase in value.