Nasdaq · September 23, 1999
An autumn air pocket
-3.79%
single-day change vs previous close
What happened that day?
- On 23 September 1999 the Nasdaq fell 3.79%
- Autumn was the most unstable stretch of that year. Rates, the dollar and oil were all moving at once
- The dollar was weakening against the yen, and oil had more than doubled over the year
- When the ingredients of inflation pile up, the talk of rate rises comes back
- No single trigger can be confirmed for this day
- The fall was only 6.89% from the peak, and the index turned in October
- Over the three months that followed the Nasdaq surged again
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.