MarketsSep 16, 2024
The Largest Stock Market Crashes Since 1970 📉
What We’re Showing
This graphic shows the peak-to-tough drawdowns of the S&P 500 during U.S. recessions since 1970, based on data from Goldman Sachs.
Key Takeaways
- During the global financial crisis, the S&P 500 wiped out over half of its value, while the stock prices of Citigroup and AIG plummeted more than 90% due to their exposure to subprime loans
- Following the dot-com crash, several overvalued tech stocks plunged over 80% in value, including Amazon, Yahoo, and Qualcomm
- Both recessions during the 1980s were triggered by aggressive monetary policy tightening, with the effective federal funds rate peaking at 19%
Dataset
| Month of S&P 500 Trough | Total Drawdown |
|---|---|
| Mar 2020 | -34% |
| Mar 2009 | -57% |
| Oct 2002 | -49% |
| Oct 1990 | -20% |
| Aug 1982 | -27% |
| Mar 1980 | -17% |
| Oct 1974 | -48% |
| May 1970 | -36% |
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