Trading now

Six of the world’s biggest exchanges and the time on each floor right now.

  • New York NYSE Closes 16:00 11:25 Open
  • London LSE Closes 16:30 15:25 Open
  • Frankfurt Xetra Closes 17:30 16:25 Open
  • Tokyo TSE Opens 09:00 00:25 Closed
  • Hong Kong HKEX Closed for the day 23:25 Closed
  • Sydney ASX Opens 10:00 02:25 Closed

Regular hours in local time. Public holidays are not shown.

Our desks

Reported daily. Pick the one that moves your money.

The long view

Headlines move markets by the hour. A century of the S&P 500 tells a calmer story: crashes happen, and patience has paid for every one of them.

Decades that paid

  • 9 decades ended higher
  • 2 ended lower

Both losing decades held a crash and a recovery that came after the decade closed.

Deepest drawdowns

  • Wall Street Crash 1929 −86%
  • Financial Crisis 2008 −57%
  • Dot-com Bubble Burst 2000 −49%
  • Oil Embargo 1973 −48%
  • COVID Crash 2020 −34%

Peak-to-trough falls. Every one was recovered in full.

Return by decade

+18
'20
-1
'30
+9
'40
+19
'50
+8
'60
+6
'70
+17
'80
+18
'90
-1
'00
+14
'10
+7
'20

Average yearly return of the S&P 500, in percent.

$1, compounded

$41,593 from $1 in 1920, before dividends

Log scale, so each gridline is ten times the one below.

On every desk

The wire

The newest stories from every desk, as they are filed.

The market brief

Free. One email a weekday. Unsubscribe in one click.