The S&P 500 set a record at 7,819 on Oct 6, then fell two straight days. Will it close back above 7,800 by Oct 14?
67% of users predicted YES — the community got this one right. 9 predictions cast.
The S&P 500 closed at a record 7,818.93 on Oct. 6, then fell for two straight sessions, to 7,801.77 on Oct. 7 and 7,765.36 on Oct. 8, as rising oil prices and Treasury yields weighed on stocks. The index recovered within days, climbing back above the 7,800 mark the following week and satisfying the question's threshold before volatility returned.
That recovery proved short-lived. A hotter-than-expected September inflation report released Oct. 14 showed headline CPI at 3.7%, versus a 3.6% forecast, triggering a sell-off in AI-related shares and pulling the index down 1.11% to 7,718.94 that day. The early pullback traced to energy prices and rate expectations, while the later, sharper Oct. 14 drop was a more direct reaction to the inflation print complicating the Federal Reserve's rate-cut outlook.
Because the question asked only whether the index would close back above 7,800 at any point by Oct. 14, the mid-week recovery settled it "yes," even though the index closed well below that level on the deadline itself. The community got this one right: 67% of voters correctly predicted the index would reclaim 7,800 before the window closed.