4%+ One-Day Drops

Financial Research, Money Management • Nov 5, 2026 at 5:06 PM EST • Updated Nov 5, 2026 at 5:31 PM EST

The S&P 500 sank 4.36% in its worst session since the 2025 Tariff Tantrum.

The S&P 500 closed down 4.36% today for its worst day since April 4th, 2025, the 2nd day of a two-day crash from the Tariff Tantrum.

Red dots in the log chart of the S&P 500 below show the 56 prior one-day drops of 4% or more for the index since 1952.

In case you're wondering, below is a look at the S&P's average percentage change in the days, weeks, and months following the 56 prior 4%+ one-day drops. Of course, past performance is no guarantee of future results, but historically, the index has averaged a gain of 2% over the next month and 6.7% over the next three months.

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