Nasdaq · April 4, 2001

Nine months down without a rest

-61.66%

peak-to-trough, the whole slide

181 trading days · 2000-07-17 → 2001-04-04

still below that peak today

What happened that day?

From the high on 17 July 2000 to the low on 4 April 2001, the Nasdaq fell 61.66% over 181 trading days
Not one rally of more than ten percent survives inside this phase. There were plenty of up days, but every one led to a lower low
From that summer companies began cutting revenue forecasts. Internet firms living on advertising broke first
The funding dried up first. When companies hoping to list could not raise money, the orders they had been placing with telecom and equipment makers vanished
In the autumn the election result went unresolved for weeks, adding more uncertainty
The Fed cut rates at an unscheduled meeting in January 2001, and the decline did not stop
These nine months are the longest and deepest stretch of the dot-com collapse

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.