Nasdaq · July 19, 1995
A day after running up too fast
-3.61%
single-day change vs previous close
What happened that day?
- On 19 July 1995 the Nasdaq fell 3.61%
- Technology had risen very hard through the first half of that year, led by semiconductors
- The internet was just becoming a commercial business. The first internet company had listed that summer and the mood was hot
- A fast run invites selling to lock in gains, and this was one of those days
- No single trigger can be confirmed for it
- Peak to trough it was only 5.27%, and the index soon rose again
- This run kept going for years and became the dot-com period
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.