Nasdaq · January 29, 2009
A day of data all pointing down
-3.24%
single-day change vs previous close
Part of a longer stretch
A halving that took seventeen months
near the end of it · 2007-10-31 → 2009-03-09, -55.63% over the whole period
What happened that day?
- January 29, 2009 — the Nasdaq fell 3.24% to 1,507.84. No single cause for the day could be pinned down
- Jobless claims and home sales both came in badly that morning, and durable goods orders fell as well
- It gave back most of the previous session's gain, which had come on talk of the government taking banks' bad assets
- What that plan would actually contain was still undecided, and that came back into focus
- It was the lowest close since January 27
- From October 1, 2008 to March 9, 2009 the episode ran -38.70%
- The low was still six weeks away
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.