Nasdaq · January 28, 2000
The last winter of the bubble
-3.77%
single-day change vs previous close
What happened that day?
- On 28 January 2000 the Nasdaq fell 3.77%
- Moves of several percent had become routine. With no earnings under the prices, only the swings grew
- The index topped out two months after this, on 10 March
- So this day sat near the end of the bubble — and nobody knew it. The index went higher still from here
- No single trigger can be pinned to this day
- In this stretch it was 25.28% below its peak
- From the top the Nasdaq would fall more than three quarters over two and a half years
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.