Nasdaq · January 3, 2002
Second day of believing in the recovery
+3.29%
single-day change vs previous close
Part of a longer stretch
The three and a half months after the attacks
near the end of it · 2001-09-21 → 2002-01-04, +44.70% over the whole period
What happened that day?
- January 3, 2002 — the Nasdaq rose 3.29% to 2,044.27. No single cause for the day could be pinned down
- The factory survey released that day improved on the month before, read as the recession ending
- It capped two straight gains and was the highest close since December 6, 2001
- Four months up from the September low — a short window when money came back to tech
- The belief lasted until spring. From December 6 to May 3 the episode ran -21.48%
- The real recovery came not that year but 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 put together from the public record; where a specific source was consulted it is listed above.