Nasdaq · June 22, 2009
One day against the spring rally
-3.35%
single-day change vs previous close
Part of a longer stretch
Thirteen months that doubled off the bottom
early in it · 2009-03-09 → 2010-04-23, +99.44% over the whole period
What happened that day?
- June 22, 2009 — the Nasdaq fell 3.35% to 1,766.19. No single cause for the day could be pinned down
- The trigger cited was that day's cut to the World Bank's forecast for the world economy this year
- Doubts had been building that the three-month rally off the spring low had run too fast
- Commodity and energy names took the worst of it, and the dollar rose as money moved back to safety
- It was the lowest close since May 28
- The drop lasted exactly one day. By June 26 — four sessions later — the index was back above where it started
- From June 11 to July 7 the episode ran -6.24%: a pause inside that year's rebound
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.