S&P 500 Sits 2.5% From a Record High Despite the Stock Market Crash

Despite a historic stock market crash last week, the S&P 500 has largely recovered, and it’s now just 2.5% away from a new all-time high. Throughout 2026, Bitcoin has moved along with the stock market, driven by similar macroeconomic trends. However, the crypto market downturn is largely unmoved, so far. How the S&P 500 Bounced Back From Last Week’s Crash Last week, an AI-driven selloff hit Wall Street hard . On November 5, the Nasdaq Composite fell 5.5%, while the S&P 500 posted one of its biggest wipeouts in history. Now, stocks have recovered much of that ground. Notably, the rally continued despite hot inflation data. October’s CPI rose 0.4% month over month, above the expected 0.3%. Core prices also climbed 0.3% for a third straight month.

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