We celebrate the S&P 500 closing at 7,000 for the first time in its history.
To put the moment in context, we look at how long it took the index to travel between each 1,000-point milestone, dating back to 1928. The jump from 6,000 to 7,000 took roughly 1.4 years. For perspective, the move from 1,000 to 2,000 took nearly 17 years.
This chart reminds us how compounding reshapes the math over time and serves as a moment to celebrate the S&P 500 hitting 7,000.
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Measuring S&P 500 Price Milestones: The chart illustrates the number of years it took the S&P 500 to travel between each 1,000 point milestone, dating back to 1928.
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A Look At The Data: The S&P 500's move from 6,000 to 7,000 took approximately 1.4 years.
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The Power of Compounding: As the index level rises, each 1,000 point move represents a smaller percentage gain, which is why recent milestones have been reached more quickly than earlier ones.
