Nasdaq · October 24, 2018
Falling even on good results
-4.43%
single-day change vs previous close
Part of a longer stretch
The Q4 2018 selloff on the Nasdaq
midway through · 2018-08-29 → 2018-12-24, -23.64% over the whole period
What happened that day?
- The Nasdaq fell 4.43% on the day, the largest single-day drop of this decline
- Third-quarter results that year were mostly good. Shares fell anyway, because the market was looking ahead
- The Fed had raised four times that year and said it would keep going. At the same time the US-China trade fight was widening
- Chipmakers also began cutting their guidance for the next quarter around now. Good results describe the quarter just gone
- The decline ran to 24 December, taking close to a quarter off the Nasdaq
- And it ended when the Fed said it would change direction
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.