Nasdaq · March 13, 2001
A bounce off the previous day's break
+4.75%
single-day change vs previous close
Part of a longer stretch
Nine months down without a rest
near the end of it · 2000-07-17 → 2001-04-04, -61.66% over the whole period
What happened that day?
- The Nasdaq rose 4.75% to close at 2,014.78. No single trigger for the day could be pinned down
- The session before, this market had fallen hard, along with markets around the world
- A big rise the day after a big fall repeated all through this episode. The direction had not changed; the swings had widened
- Through the spring of 2001 hope of rate cuts kept propping prices up, while earnings guidance kept coming down
- The episode fell 48.23% from the November 2000 high to the April 2001 low
- The low came three weeks later, on 4 April
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.