Nasdaq · October 1, 2004
The day the factory survey held up
+2.39%
single-day change vs previous close
Part of a longer stretch
Four months that started when the election ended
midway through · 2004-08-12 → 2004-12-30, +24.30% over the whole period
What happened that day?
- The Nasdaq rose 2.39% on the day
- The September manufacturing survey came in better than expected. After a summer of worry that the economy was cooling, the relief was large
- The Nasdaq had slid from spring through summer that year, as rate rises began and oil climbed
- Mid-August was the low of that phase, and this day was the bounce settling in
- Solid earnings mattered too. By now the profits of technology firms were coming from revenue
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.