Nasdaq · February 3, 2000
Five weeks from the top
+3.36%
single-day change vs previous close
What happened that day?
- On 3 February 2000 the Nasdaq rose 3.36%
- It had come off the January dip and started climbing again. Five weeks remained to the top
- What rose in that last stretch was mostly telecoms and biotech. The internet retailers were already rolling over
- Bubbles do not deflate all at once. Things break inside first, and the index follows later
- No single trigger can be pinned to this day
- In this stretch it was 25.28% below its peak
- After the high on 10 March the direction changed
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.