Nasdaq · June 11, 2020
The Second-Wave Scare — Nasdaq
-5.27%
single-day change vs previous close
What happened that day?
- 11 June 2020 — Nasdaq Composite fell 5.27%
- The context is what stands out: earlier that week the index had already passed its pre-pandemic high and set a record
- An index that had collapsed in March made a new high three months later
- Reflecting a judgment that lockdowns were growing technology companies' businesses
- So the peak-to-trough figure here is 5.27% — identical to the single-day drop, because the previous day was the peak
- Less a correction than a pullback immediately after a record
- Contrasts with the S&P 500 falling further the same day: the market had already sorted the pandemic's winners from its losers
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.