Nasdaq · November 5, 1992
Relief after the election
+1.41%
single-day change vs previous close
Part of a longer stretch
The late 1992 recovery
near the end of it · 1992-06-26 → 1992-11-24, +17.91% over the whole period
What happened that day?
- The Nasdaq rose 1.41% on the day, two sessions after the US election
- The result was settled within a day. Once the direction of tax and regulation is fixed, firms can commit to spending
- The 1990-91 recession had just ended and the economy was recovering
- Rates were low too, the Fed having cut sharply in response to the downturn
- The advance that began from this combination ran through the 1990s, and the dot-com bubble sits on the end of it
- The internet also began opening commercially around this time
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.