WhyItDropped

Nasdaq · September 20, 2001

The fourth day back after reopening

-3.72%

single-day change vs previous close

Part of a longer stretch

A summer slide and a September shock

near the end of it · 2001-05-22 → 2001-09-21, -38.49% over the whole period

What happened that day?

  • The Nasdaq fell 3.72% on the day
  • After the attacks of 11 September the New York exchanges closed for four days and reopened on the 17th
  • Shares fell for four straight sessions from the reopening, and this was the second to last of them
  • Airlines, travel and insurance were hit directly, and there was deep worry that spending would freeze
  • The problem was a shock landing on an economy already in recession
  • The next day, 21 September, was the bottom of this phase, and the rally that ran to year end began there

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.