Nasdaq · January 4, 2002
The three and a half months after the attacks
+44.70%
trough back to the old high
72 trading days · 2001-09-21 → 2002-01-04
What happened that day?
- From the low on 21 September 2001 to the high on 4 January 2002, the Nasdaq rose 44.7% over 72 trading days
- The Fed cut rates eleven times that year, and a good share of those cuts fall inside this stretch
- Government spending rose sharply too, with airline support and security budgets arriving at once
- Much of this rally was the feeling that the worst had passed. The chain of collapses feared right after the attacks did not come
- Earnings did not return, though. Revenue at technology firms was still falling throughout
- After the January high, accounting frauds came to light one after another and the final decline began
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.