Nasdaq · March 28, 2001

The last plunge before the bottom

-5.99%

single-day change vs previous close

Part of a longer stretch

Nine months down without a rest

near the end of it · 2000-07-17 → 2001-04-04, -61.66% over the whole period

What happened that day?

The Nasdaq fell 5.99% on the day
The day before, a large technology company had said quarterly revenue would come in far below expectations
Each warning still startled the market at this stage, because nobody knew where the bottom was
This phase bottomed a week later, on 4 April, with the index below a third of its March 2000 high
The steepest falls usually come just before a bottom, because that is when whoever is left gives up
The rally that began at that bottom became the second-largest of the entire dot-com collapse. The largest started at the September low 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 put together from the public record; where a specific source was consulted it is listed above.