Nasdaq · January 7, 1986
After the shakeout
+46.34%
trough back to the old high
366 trading days · 1984-07-25 → 1986-01-07
this undid the slide that began 1983-06-24
What happened that day?
- From the 25 July 1984 low to 7 January 1986 the Nasdaq rose 46.34% — 366 trading days
- It undid the decline from the early PC bubble deflating
- The crowd of look-alike firms was cleared out and a few survivors divided the market between them
- Underneath it, computers became office necessities and real demand grew steadily
- The Fed cutting rates through this period also helped growth companies
- The old high returned on 7 January 1986
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.