Nasdaq · April 21, 2005
The day results eased the worry
+2.54%
single-day change vs previous close
Part of a longer stretch
Four months pressed by rates and oil
near the end of it · 2004-12-30 → 2005-04-28, -12.59% over the whole period
What happened that day?
- The Nasdaq rose 2.54% on the day
- Large technology firms reported first-quarter results above expectations one after another. The four-month slide stopped here
- The worry in this period was rates and oil, not whether companies could earn. Once results confirmed that, prices came back
- The low of this correction came a week later, on 28 April. The bottom was being formed around these days
- The advance that started here ran a full year, into April of the next
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.