S&P 500 · January 7, 2000
A bounce in the first week of 2000
+2.71%
single-day change vs previous close
What happened that day?
- On 7 January 2000 the S&P 500 rose 2.71%
- It was the bounce after the new-year drop three days earlier
- Early that year the market could not pick a direction and swung hard on a scale of days
- On one side sat the fear of rate rises; on the other, earnings and an economy that were still strong
- No single trigger can be pinned to this day
- In this stretch the index was 9.25% below its peak
- It swung inside that range until summer, then fell in earnest from the autumn
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.