Nasdaq · October 3, 2001
The post-9/11 rebound
+5.93%
single-day change vs previous close
Part of a longer stretch
The three and a half months after the attacks
early in it · 2001-09-21 → 2002-01-04, +44.70% over the whole period
What happened that day?
- On 3 October 2001 the Nasdaq rose 5.93% in a single day
- 21 September had been the low of the 9/11 shock, and the market was in recovery
- The Fed had been cutting repeatedly since immediately after the attacks, supporting the market
- Large government spending and support for the airline industry played a part too
- Data showing that economic activity was normalising faster than feared spread relief
- The bounce did not last. The Nasdaq fell further until October 2002
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.