Nasdaq · March 9, 2001
Recession arrives
-5.35%
single-day change vs previous close
Part of a longer stretch
Nine months down without a rest
near the end of it · 2000-07-17 → 2001-04-04, -61.66% over the whole period
What happened that day?
- On 9 March 2001 the Nasdaq fell 5.35% in a single day
- The dot-com bust was a year old and now the real economy was deteriorating too
- Employment data came in worse than expected and the slide into recession became visible
- Tech profit warnings kept coming, confirming in numbers that orders had stopped
- The US body that dates business cycles later fixed March of this year as the start of the recession
- The Nasdaq's low came 18 months later, in October 2002
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.