Nasdaq · April 2, 1991
The Nasdaq's Gulf War rebound
+50.95%
trough back to the old high
115 trading days · 1990-10-16 → 1991-04-02
this undid the slide that began 1989-10-09
What happened that day?
- From the 16 October 1990 low to 2 April 1991 the Nasdaq rose 50.95% — 115 trading days
- It undid the year-long decline that ran from the junk bond collapse through the Gulf War
- The war ended quickly in early 1991, oil settled, and the uncertainty cleared
- The Fed cutting rates through the recession mattered a great deal too
- The small companies that had been pressed down bounced hardest — the gain was close to double the S&P 500's
- The old high returned on 2 April. The 1990s tech bull market starts here
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.