In spite of major losses in 2008, by the end of 2014 stock prices, as measured by the S&P 500 index, were higher than their peak levels of 2007.

Question

Quizplus · Accepted Answer

The statement is true. According to historical data, the S&P 500 index reached its peak in October 2007 before starting to decline significantly in 2008. However, by the end of 2014, the index had surpassed its pre-financial crisis peak and continued to set new records in the years that followed.

In Spite of Major Losses in 2008, by the End