Nasdaq · April 2, 2003
The day the advance reached Baghdad
+3.59%
single-day change vs previous close
Part of a longer stretch
The ten months that began when the war did
early in it · 2003-03-11 → 2004-01-26, +69.40% over the whole period
What happened that day?
- The Nasdaq rose 3.59% on the day
- Coalition forces were reported to have advanced quickly to the outskirts of Baghdad. The worry of a few days earlier was reversed
- A quick end means steadier oil and released corporate investment. Those two things were what the market saw
- By now technology firms had worked their inventory almost to nothing. In that state even a small return of orders improves results a lot
- Technology earnings did improve noticeably from the second quarter of that year
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.