S&P 500 · September 24, 2001
The session after the low
+3.90%
single-day change vs previous close
Part of a longer stretch
The dot-com bust hits the S&P 500
midway through · 2000-03-24 → 2002-10-09, -49.15% over the whole period
What happened that day?
- The S&P 500 rose 3.9% to close at 1,003.45. No single trigger for the day could be pinned down
- The previous session, 21 September, was the low of this episode
- That week American markets had reopened after four days shut, and fell hard on reopening. This is the first bounce after that
- A large rise the session after a low is a common shape — once the forced sellers are done, only buyers are left
- Rate cuts and a burst of government spending followed, and the direction turned
- The episode fell 24.76% from the June high to the September low. The bounce did not end the bear market, though
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.