Nasdaq · November 1, 2001
Up on bad data
+3.32%
single-day change vs previous close
Part of a longer stretch
The three and a half months after the attacks
midway through · 2001-09-21 → 2002-01-04, +44.70% over the whole period
What happened that day?
- November 1, 2001 — the Nasdaq rose 3.32% to 1,746.30. No single cause for the day could be pinned down
- The manufacturing data that morning was bad. Rising anyway is what defines the session
- The worse the data, the deeper the cut — that was the bet. The cut duly came five days later, on November 6
- This was the recovery leg off the September low, and the second straight gain
- It took the index back to where it stood ten days earlier — the highest close since October 26
- The move held through November. The index finished the year's last two months higher
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.