Resolution criteria

This market resolves to YES if the S&P 500 Index (^SPX) closing price on Friday, June 12, 2026, is down by strictly more than 1.00% compared to its closing price on Friday, June 5, 2026. Otherwise, this market resolves to NO.

• Baseline Value (June 5, 2026 close): 7,383.74

• YES Threshold (down > 1.00%): A closing price of 7,309.90 or lower on June 12, 2026 (calculated as 7,383.74 * 0.99).

• Source of Truth: Official closing data as reported on the Yahoo Finance S&P 500 (^SPX) page.

• Edge Cases: If the market is closed on June 12, 2026, the closing price of the closest preceding trading day will be used. This market resolves based on the Friday-to-Friday weekly close; intraday price movements do not affect the resolution.

Background

On Friday, June 5, 2026, the S&P 500 dropped 2.64% to close at 7,383.74, marking its worst single-day performance since October. The sell-off was triggered by a slide in major semiconductor and megacap technology stocks, alongside a stronger-than-expected May jobs report that intensified concerns about potential Federal Reserve rate hikes. This market tracks whether the S&P 500 will continue its downward trajectory or recover over the subsequent week.

This description was generated by AI. Review and verify everything here yourself. You can edit, replace, or delete any part of this description, including the resolution criteria. You do not need to trust the AI output.