level, right before the onset of the Great Recession and the related financial crisis of 2007–08. Since late 2007, the expansion of subprime lending difficulties into a wider financial crisis plunged the United States into a renewed bear market that accelerated beginning on September 15, 2008. On October 8, the Wilshire 5000 closed below 10,000 for the first time since 2003. The index continued trading downward towards a 13-year low, reaching a bottom of 6,858.43 points, on March 9, 2009, representing a loss of about $10.9 trillion in market capitalization from its highs in 2007. The Wilshire 5000 gained approximately $2.5 trillion in market value during the first 11 months of 2009 while the index rose 2,105 points. Therefore, as of November 2009, each index point represented about $1.2 billion in market value. The index achieved a new highest yearly close on December 31, 2012, a few percent above those of 1999 and 2007, but failed to do so above the 15,000 level (after achieving it intraday) by fewer than 5 points, closing with 14,995.11 points. However, it continued to rise in the short term such that, on February 8, 2013, the index surpassed the 16,000 level for the first time. It would be the first of four 1000-point milestones that the index reached in 2013, as the index closed above 17,000 for the first time on May 3, 18,000 for the first time on August 1, and 19,000 for the first time on November 14. The Wilshire 5000 would close out 2013 on a record high, finishing the December 31, 2013 trading session at 19,706.03 points. On February 28, 2014, the Wilshire 5000 had its first intraday high over 20,000 points. On March 4, the index closed above this milestone for the first time. On July 1, 2014, the index closed above the 21,000 level for the first time; it would close above 25,000 for the first time in mid-2017. On August 24, 2018, the Wilshire 5000 had its first intraday high and its first closing over 30,000 points. In March 2020, the index closed below the 25,000 level for the first time since 2016. On January 7, 2021, the Wilshire 5000 had its first intraday high and its first closing over 40,000 points. Record high values Versions There are five versions of the index: Full capitalization total return Full capitalization price Float-adjusted total return Float-adjusted price Equal weight