S&P 500 · July 5, 2002
A holiday-shortened session bounced
+3.67%
single-day change vs previous close
Part of a longer stretch
The dot-com bust hits the S&P 500
near the end of it · 2000-03-24 → 2002-10-09, -49.15% over the whole period
What happened that day?
- The S&P 500 rose 3.67% to close at 989.03. No single trigger for the day could be pinned down
- The previous session was 3 July. This one came around the American Independence Day close
- Around holidays fewer people are trading. The same buying and selling moves prices further
- What weighed on the market that summer was accounting fraud. If reported profits cannot be trusted, no share can be valued
- The episode fell 33.63% from the March high to the October low. This is a bounce inside it
- The low was three months away, on 9 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 put together from the public record; where a specific source was consulted it is listed above.