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 largest of the entire dot-com collapse
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.