Nasdaq · May 13, 2022
After six straight losing weeks
+3.82%
single-day change vs previous close
Part of a longer stretch
The 2021–22 tech bear market
midway through · 2021-11-19 → 2022-12-28, -36.40% over the whole period
What happened that day?
- On 13 May 2022 the Nasdaq rose 3.82%
- The index had fallen for six straight weeks, and the supply of sellers was thinning
- In a market that has fallen far, a large bounce needs no news. Buying back alone moves the price a lot
- Bounces like this happened repeatedly through 2022, and none of them turned the trend
- No single trigger can be pinned to this day
- In this stretch the index was 31.86% below its peak
- The real low came that December
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.