Nasdaq · November 14, 2000
A bounce amid election chaos
+5.78%
single-day change vs previous close
Part of a longer stretch
Nine months down without a rest
midway through · 2000-07-17 → 2001-04-04, -61.66% over the whole period
What happened that day?
- On 14 November 2000 the Nasdaq rose 5.78% in a single day
- The US election result was still undecided in a recount dispute and the market kept sliding
- After several steep sessions, the sense that it had gone too far spread and bargain buyers came in
- Expectation that the result would be settled soon added to the bounce
- The result was not confirmed until mid-December, and the Nasdaq fell further in between
- As with most bounces during the bust, this was not the bottom
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.