Nasdaq · November 4, 1982
The 1982 pivot on the Nasdaq
+41.39%
trough back to the old high
58 trading days · 1982-08-13 → 1982-11-04
this undid the slide that began 1981-05-29
What happened that day?
- From the 13 August 1982 low to 4 November the Nasdaq rose 41.39% — 58 trading days
- It undid the high-rate decline that had run since May 1981
- When the Fed began cutting, the small growth companies that rates had pressed hardest bounced hardest
- It also coincided with personal computers spreading into offices and homes, and expectations built around those companies
- The gain beat the S&P 500 — the classic pattern where whatever was pushed down furthest springs back most
- The old high returned on 4 November
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.