Nasdaq · October 28, 2020
Even the lockdown winners were sold
-3.73%
single-day change vs previous close
What happened that day?
- On 28 October 2020 the Nasdaq fell 3.73%
- It was the day France and Germany announced their second lockdowns
- A lockdown is, on its face, good news for online business. In the spring, tech had actually risen on lockdown headlines
- This time it fell with everything else, because that expectation was already in the price
- Selling ahead of the election piled on, and what had risen most was sold first
- In this stretch the index was 11.81% below its peak
- From the week of the election it climbed sharply again
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.