S&P 500 rebounds 0.60% in a day, still 2.5% below its record closing high

S&P 500 rebounded 0.60% to close at 7,625.30 on November 2, narrowing its gap to the October 6 record close of 7,818.93 to roughly 2.5%, per S&P Dow Jones Indices data published on the St. Louis Fed's FRED. The index had fallen from a record close of 7,818.93 to 7,580.07 by October 30, with an intraday low of 7,527.56 recorded by Tallac Options' SPX daily data—about 3.7% below the record close, though the close-to-close drawdown was about 3.1%. The Nasdaq Composite rose 1.22% the same session, per official Nasdaq index records. The rebound suggests dip-buying after the early-autumn pullback, though the index remains below its early-October peak. Watch whether follow-through buying continues or whether the index retests the 7,527.56 intraday low zone.