Nasdaq · September 24, 2001
The bounce the session after the bottom
+5.35%
single-day change vs previous close
Part of a longer stretch
The three and a half months after the attacks
early in it · 2001-09-21 → 2002-01-04, +44.70% over the whole period
What happened that day?
- The Nasdaq rose 5.35% on the day. The previous session, 21 September, was the bottom of this phase
- It was the first large gain after four straight falls since reopening
- The background was two Fed cuts and government announcements of airline support and large spending
- It also confirmed that the feared chain of collapses had not come. The financial system was running again within four days
- From here into year end the Nasdaq mounted the second-largest rally of this whole bear market
- Earnings still did not return, and the final decline began the next year as accounting frauds came to light
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.