Nasdaq · January 20, 2006
The day the marquee names missed
-2.35%
single-day change vs previous close
Part of a longer stretch
A year when money was everywhere
near the end of it · 2005-04-28 → 2006-04-19, +24.51% over the whole period
What happened that day?
- The Nasdaq fell 2.35% on the day
- The largest chipmaker and a leading internet company both reported results short of expectations in the same week
- When heavyweight members of an index miss together, the whole index moves
- Prices in this period were set on the premise that earnings would keep improving. When one or two miss, the premise itself is questioned
- The fall did not run on, though. The Nasdaq climbed back toward its high by that spring
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.