Nasdaq · February 23, 2000
The final sprint
+3.84%
single-day change vs previous close
What happened that day?
- On 23 February 2000 the Nasdaq rose 3.84%
- Two weeks remained to the top, and the index climbed especially steeply in this last stretch
- That is the usual shape of an ending. The fastest part of the run is the final part
- New listings routinely multiplied on their first day, and the amount of stock bought with borrowed money was at a record
- No single trigger can be pinned to this day
- After the high on 10 March, the index lost more than a third within two months
- In this stretch it was 35.61% below its 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.