Nasdaq · July 7, 2003
A rise ahead of earnings season
+3.44%
single-day change vs previous close
Part of a longer stretch
The ten months that began when the war did
midway through · 2003-03-11 → 2004-01-26, +69.40% over the whole period
What happened that day?
- The Nasdaq rose 3.44% on the day
- Second-quarter reporting was about to begin. There was no single announcement that day; expectation had simply been building
- Technology rose here less because results were good than because the worsening had stopped
- Firms whose revenue had only shrunk for over two years began saying it was about level with a year earlier
- Rates were low too. That June the Fed had cut its policy rate to one percent
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.