On what date did the S&P 500 reach its trough during the COVID-19 market crash?
Answer
March 23, 2020
The S&P 500 reached its trough during the COVID-19 market crash on March 23, 2020.
The index closed at 2,237.40 on that date, after a rapid decline caused by the spread of COVID-19, lockdowns, travel restrictions, business closures, and fears of a worldwide recession. The fall followed a record high reached only weeks earlier.
The Federal Reserve and other central banks introduced emergency measures, while governments announced large fiscal programs. Investors also reacted to an oil-price shock and extraordinary uncertainty about public health and economic activity.
March 23 is often confused with March 16, when the S&P 500 suffered one of its largest single-day percentage losses. February 19 marked the pre-crash closing high, while March 23 marked the low of the initial collapse.