Nasdaq · February 13, 1987
The early 1987 recovery
+20.02%
trough back to the old high
105 trading days · 1986-09-16 → 1987-02-13
this undid the slide that began 1986-07-03
What happened that day?
- From the 16 September 1986 low to 13 February 1987 the Nasdaq rose 20.02% — 105 trading days
- It undid that summer's growth-stock correction
- Steady inflation let rates stay low, which was the base of it
- Oil had fallen sharply too, cutting input costs and helping earnings
- Early 1987 was uniformly optimistic, and the move ran to the August peak
- The old high returned on 13 February. Nobody at that point knew Black Monday was coming in October
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.