Nasdaq · January 20, 2009
Fear of Bank Nationalisation — Nasdaq
-5.78%
single-day change vs previous close
Part of a longer stretch
A halving that took seventeen months
near the end of it · 2007-10-31 → 2009-03-09, -55.63% over the whole period
What happened that day?
- 20 January 2009 — Nasdaq Composite fell 5.78%, more than the S&P 500 that day
- That tech fell harder when the problem originated in banking says something about this phase
- As a crisis deepens, investors stop sorting by sector and sort by whether something is a risk asset. Tech was on the risk side
- There was a real-economy path too: companies conserving cash deferred IT projects and cut advertising
- The banks' problem reached tech revenue through several steps
- Fell 41.98% from peak
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.