Nasdaq · November 24, 2000
A short bounce after the holiday
+5.41%
single-day change vs previous close
Part of a longer stretch
Nine months down without a rest
midway through · 2000-07-17 → 2001-04-04, -61.66% over the whole period
What happened that day?
- The Nasdaq rose 5.41% on the day
- It was the day after Thanksgiving, a half-length session. With few participants, small orders move prices a lot
- There was no particular news. It was a give-back after two weeks of heavy falls
- A rise on a thin day says nothing about direction. Shares fell again from the following Monday
- Days of five percent moves in either direction were common in this period, the look of a market with no settled price
- The decline ran to 20 December, taking another quarter or more off the index along the way
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.