Nasdaq · October 17, 2002

Wide swings right after the bottom

+3.24%

single-day change vs previous close

Part of a longer stretch

The first seven weeks off the bottom

early in it · 2002-10-09 → 2002-11-27, +33.55% over the whole period

What happened that day?

October 17, 2002 — the Nasdaq rose 3.24% to 1,272.29. No single cause for the day could be pinned down
October 9 had been the final low of the dot-com decline. This was the sixth session after it
Right after a bottom the market swings hard both ways. The previous session fell sharply; this one rose sharply
Earnings that week kept coming in better than feared, and prices pressed down by accounting distrust crept back
From June 19 to October 9 the episode ran -25.57%
The recovery that began here was shaken twice more before it held, the following spring

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.