Nasdaq · December 21, 1999
The final two-month sprint
+3.36%
single-day change vs previous close
What happened that day?
- On 21 December 1999 the Nasdaq rose 3.36%
- From late October to year end the index rose almost without pause. A large share of the year's gain sits in that window
- One reason money piled in was the turn of the year. Worried that computers would misread 2000, the Fed had pushed extra cash into the system
- A lot of it went into stocks, and into whatever was rising fastest
- Internet listings routinely multiplied in price on their first day of trading
- No single trigger can be pinned to this day
- The end came three months later. From its peak the Nasdaq would fall by more than three quarters
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.