Nasdaq · June 29, 2010
The day consumer confidence collapsed
-3.85%
single-day change vs previous close
Part of a longer stretch
Two months of Greece and a flash crash
near the end of it · 2010-04-23 → 2010-07-02, -17.33% over the whole period
What happened that day?
- The Nasdaq fell 3.85% on the day
- US consumer confidence came in far worse than expected, with the question about job prospects especially weak
- The same day a leading indicator for China was revised down. A picture formed of the world economy cooling together
- Whether the post-crisis recovery was stalling was the market's theme in this period. Talk of a second bottom was common
- The low of this correction came three days later, on 2 July
- The second bottom never came; that autumn further Fed support restarted the advance
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.