1,999.99

On Friday, the S&P 500 closed at 1,999.99. If you’re really serious, Howard Silverblatt, the top numbers guy at S&P 500, says the close was specifically 1,999.98722585876.

Every 0.01 in the index is worth about $88 million. For some context, the companies in the index earn that, on average, roughly every 40 minutes.

Are “.99” closes common? Apparently they are. I looked at the past 1,000 daily closes for the S&P 500 and the #1 decimal (only going out two places) was .99 with 21 closes. Second place went to .89 with 17 closes.

Here’s all the data:

Decimal Count
0.99 21
0.89 19
0.15 17
0.20 17
0.03 15
0.50 15
0.78 15
0.33 14
0.57 14
0.85 14
0.18 13
0.29 13
0.48 13
0.51 13
0.53 13
0.69 13
0.77 13
0.05 12
0.28 12
0.32 12
0.36 12
0.37 12
0.63 12
0.82 12
0.94 12
0.96 12
0.04 11
0.11 11
0.13 11
0.16 11
0.26 11
0.34 11
0.42 11
0.44 11
0.58 11
0.61 11
0.66 11
0.83 11
0.84 11
0.08 10
0.10 10
0.17 10
0.24 10
0.40 10
0.49 10
0.56 10
0.59 10
0.62 10
0.68 10
0.81 10
0.92 10
0.98 10
0.02 9
0.07 9
0.12 9
0.19 9
0.31 9
0.39 9
0.43 9
0.45 9
0.52 9
0.67 9
0.75 9
0.76 9
0.86 9
0.93 9
0.97 9
0.09 8
0.14 8
0.25 8
0.46 8
0.54 8
0.60 8
0.65 8
0.74 8
0.80 8
0.90 8
0.91 8
0.95 8
0.21 7
0.22 7
0.23 7
0.35 7
0.38 7
0.41 7
0.47 7
0.55 7
0.71 7
0.72 7
0.73 7
0.79 7
0.87 7
0.88 7
0.00 6
0.06 6
0.64 6
0.70 6
0.01 5
0.30 5
0.27 4

A few years ago, I looked at Benford’s Law and the Dow Jones.

Posted by on March 7th, 2016 at 8:51 am


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