Nasdaq · April 21, 1999
The spring earnings beat the hopes
+3.30%
single-day change vs previous close
What happened that day?
- On 21 April 1999 the Nasdaq rose 3.3%
- Internet names had taken a sharp hit in mid-April
- Technology results were coming in thick and fast, and mostly beat expectations
- But the good results came from computer and networking equipment makers. The internet companies whose prices had exploded were still losing money
- The index held both kinds of company, and on the way up they moved together
- No single trigger can be pinned to this day
- The pullback before it had been 9.74% from the peak
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.