Nasdaq · August 17, 2001
The last warnings of summer
-3.28%
single-day change vs previous close
Part of a longer stretch
A summer slide and a September shock
near the end of it · 2001-05-22 → 2001-09-21, -38.49% over the whole period
What happened that day?
- August 17, 2001 — the Nasdaq fell 3.28% to 1,867.01. No single cause for the day could be pinned down
- The data had been bad all week: output down, housing turning
- Computer and chip companies were issuing warnings over the same stretch — businesses had stopped buying equipment
- The close was the lowest since April 10, giving back everything gained in the spring
- From May 22 to September 21 the episode ran -38.49%
- All of this came before September. What happened then pushed a market that was already falling
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.