On what date did the S&P 500 reach its closing low during the 2022 stock-market selloff?

The S&P 500 reached its closing low during the 2022 stock-market selloff on October 12, 2022.

The decline developed as investors reacted to high inflation, aggressive interest-rate increases, tighter financial conditions, and growing concerns about economic growth. The Federal Reserve raised its federal funds target repeatedly during 2022, making borrowing more expensive and reducing the present value investors assigned to future corporate earnings.

The S&P 500 closed at 3,577.03 on October 12, its lowest closing level of that bear market. It later recovered as inflation data, monetary-policy expectations, and corporate conditions changed, although volatility remained high.

The date is easy to confuse with the June 2022 low, which was an earlier major trough, or with the index’s intraday low on October 13. “Closing low” means the official level at the end of trading, not the lowest point reached during the session.