Nasdaq · January 9, 1996
A new-year give-back
-3.25%
single-day change vs previous close
What happened that day?
- On 9 January 1996 the Nasdaq fell 3.25%
- 1995 had been a very strong year for technology, and this was the new-year pullback that followed
- Selling often waits for January. Once the year turns, a sale falls into the new tax year
- A shutdown over the federal budget sat in the background at the time
- No single trigger can be pinned to the day
- From the peak the index was down 7.59% before recovering
- The index still finished that year sharply higher
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.