Nasdaq · June 15, 2006
The day the price data reassured
+2.79%
single-day change vs previous close
Part of a longer stretch
Three months when inflation looked frightening
midway through · 2006-04-19 → 2006-07-21, -14.78% over the whole period
What happened that day?
- The Nasdaq rose 2.79% on the day
- Inflation came in no higher than expected. After two months of readings that kept jumping, the market was on edge, so the relief was large
- One reading did not change the direction; it was a not-bad number arriving after a deep fall
- By now the Nasdaq was more than ten percent below its April high
- The actual bottom came a month later, in late July
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.