Nasdaq · September 30, 2008
The Nasdaq after the bailout vote failed
+5.45%
single-day change vs previous close
Part of a longer stretch
A halving that took seventeen months
near the end of it · 2007-10-31 → 2009-03-09, -55.63% over the whole period
What happened that day?
- On 30 September 2008 the Nasdaq rose 5.45% in a single day
- The day before, the US House had rejected a large financial rescue package and the market crashed
- The objection was to using taxpayer money to cover banks' mistakes
- The market reaction was violent enough that expectation of a revised bill passing formed at once
- A revised version did pass on 3 October
- Passing it did not stop the decline. Far larger falls followed in October
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.