Nasdaq · July 12, 2001
A bounce inside earnings season
+5.26%
single-day change vs previous close
Part of a longer stretch
A summer slide and a September shock
midway through · 2001-05-22 → 2001-09-21, -38.49% over the whole period
What happened that day?
- The Nasdaq rose 5.26% to close at 2,075.74. No single trigger for the day could be pinned down
- Summer is when quarterly results cluster. One number can move a whole sector for a session
- The 2001 numbers were mostly bad. But when a market already expects bad, merely less-bad lifts prices
- This episode fell 38.49% from the May high to the September low. This day is a bounce inside it
- Days like this come repeatedly while a bubble empties. Each one looks like the bottom and is not
- The real bottom did not arrive for more than two more months
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.