Nasdaq · April 23, 2019
The Nasdaq's Fed-pivot rebound
+31.13%
trough back to the old high
81 trading days · 2018-12-24 → 2019-04-23
this undid the slide that began 2018-08-29
What happened that day?
- From the 24 December 2018 low to 23 April 2019 the Nasdaq rose 31.13% — 81 trading days
- It undid the second-half 2018 decline driven by rate hikes and the US–China trade war
- The turn was the Fed saying in early January that it was in no hurry to raise rates further
- Rate-sensitive tech reacted hardest and outpaced the S&P 500
- News of progress in the US–China talks eased the supply-chain worry too
- The old high returned on 23 April
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.