Nasdaq · July 5, 2000
The pullback after the holiday
-3.23%
single-day change vs previous close
Part of a longer stretch
The summer that still believed
near the end of it · 2000-05-23 → 2000-07-17, +35.08% over the whole period
What happened that day?
- July 5, 2000 — the Nasdaq fell 3.23% to 3,863.10. No single cause for the day could be pinned down
- It was the first session back after the US holiday
- The market had spent nearly two months climbing back from the spring break, and kept stalling around 4,000
- Around then companies began trimming their guidance for the next quarter, and the tension ahead of earnings showed in the price
- It was the lowest close since June 27
- From March 10 to October 12 the episode ran -39.10%
- The next two sessions bounced, but from late July the slide resumed
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.