Nasdaq · March 26, 2018
Two worries lifted at once
+3.26%
single-day change vs previous close
What happened that day?
- On 26 March 2018 the Nasdaq rose 3.26%, more than the S&P 500 that day
- The trigger was the report that the US and China were negotiating over tariffs
- There was a second reason the Nasdaq had been under more pressure. That month a large social network's data leak came to light and talk of regulation spread
- Tariffs point at hardware; regulation points at software. Technology stood in front of both
- So when the tariff worry lifted for a day, the bounce was bigger here
- In this stretch the index was 9.46% below its peak
- The regulatory argument ran on for years afterwards
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.