Nasdaq · September 16, 1986
The summer 1986 growth-stock correction
-16.42%
peak-to-trough, the whole slide
51 trading days · 1986-07-03 → 1986-09-16
back to the old high on 1987-02-13
What happened that day?
- From the 3 July 1986 peak to the 16 September low the Nasdaq fell 16.42% — 51 trading days
- Falling rates since 1985 had lifted growth stocks a long way
- Having run that far, they were set up to give it back if earnings disappointed — and they did
- The semiconductor industry struggling with oversupply added to the weight
- Tech fell much harder than the broad market; the large-cap indexes held up better
- Rates stayed low and it recovered. The old high returned on 13 February 1987
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.