Nasdaq · April 1, 2020
A bad day after the bottom had passed
-4.41%
single-day change vs previous close
Part of a longer stretch
The Nasdaq's COVID rebound
early in it · 2020-03-23 → 2020-06-08, +44.66% over the whole period
What happened that day?
- The Nasdaq fell 4.41% to close at 7,360.58. No single trigger for the day could be pinned down
- The low of this episode had already passed, on 23 March. Days like this keep coming after a bottom
- As April opened, American lockdowns were taking hold and death projections and jobless claims were landing one after another
- Prices move on what is ahead, but they still shake each time the actual numbers arrive
- Across the whole episode the index fell 30.12% from its 19 February high
- Even so, this market recovered fast — the sectors whose revenue rose under lockdown are concentrated in the Nasdaq
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.