Nasdaq · May 27, 2022
Seven losing weeks finally end
+3.33%
single-day change vs previous close
Part of a longer stretch
The 2021–22 tech bear market
midway through · 2021-11-19 → 2022-12-28, -36.40% over the whole period
What happened that day?
- On 27 May 2022 the Nasdaq rose 3.33%
- That week ended seven straight losing weeks, the longest such run since 2001
- An inflation reading that week came in slightly softer than expected, and hope attached to it
- From here on, the idea that inflation might have peaked kept resurfacing. The peak did come that June
- The index still fell for another six months. Passing a peak and coming down are different things
- No single trigger can be pinned to this day
- In this stretch the index was 27.18% below its peak
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.