Nasdaq · October 28, 1997
The day after trading was stopped
+4.58%
single-day change vs previous close
What happened that day?
- On 28 October 1997 the Nasdaq rose 4.58%
- The day before, US stocks had fallen so fast that trading was halted twice and the session closed early
- It started in Asia. Hong Kong's market collapsed and the currency crisis spread beyond the region
- It was the first time the trading halts actually fired — rules written after Black Monday
- On this day the market decided that US corporate earnings were not that closely tied to Asia
- Volume hit a record and most of the previous day's fall was undone
- The whole episode was 14.11% from the peak
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.