S&P 500 · October 15, 2002
A jump right after the dot-com low (15 Oct 2002)
+4.73%
single-day change vs previous close
Part of a longer stretch
The 2002–07 recovery
early in it · 2002-10-09 → 2007-05-30, +97.00% over the whole period
What happened that day?
- On 15 October 2002 the S&P 500 rose 4.73% in a single day
- Six days earlier, 9 October, was the final low of the dot-com decline
- Trust broken by accounting fraud was starting to rebuild, and more earnings reports were coming in better than feared
- Right after a bottom most of the selling is done, so jumps like this are common
- No single trigger is pinned to this day
- The recovery starting here ran to the old high in May 2007
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.