How much did the market drop in 2000?
In 2000, the Nasdaq lost 39.28% of its value (4,069.31 to 2,470.52).
What caused the stock market crash of 2001?
The terrorist attack on Sept. 11, 2001 was marked by a sharp plunge in the stock market, causing a $1.4 trillion loss in market value. The first week of trading after the attacks saw the S&P 500 fall more than 14%, while gold and oil rallied.
What was stock market in 2000?
Dow Jones – DJIA – 100 Year Historical Chart
|Dow Jones Industrial Average – Historical Annual Data|
|Year||Average Closing Price||Annual % Change|
Why did the tech bubble burst in 2000?
The dotcom bubble is a stock market bubble that was caused by speculation in dotcom or internet-based businesses from 1995 to 2000. … The period marked the emergence of the widespread use and adoption of the internet from shopping online, communication, and a source of news.
How long did it take the stock market crash 2008?
The equivalent recovery after the 2008 crash took the S&P 500 1,107 days and the Dow 1,288 days. The optimistic targets reflect expectations for improved economic performance next year and in 2022, analyst Tobias Levkovich said in the note.
What was the worst stock market crash in history?
Black Monday crash of 1987
On Monday, Oct. 19, 1987, the Dow Jones Industrial Average plunged by nearly 22%. Black Monday, as the day is now known, marks the biggest single-day decline in stock market history.
What has the stock market averaged over the last 20 years?
Looking at the annualized average returns of these benchmark indexes for the 20 years ending June 30, 2019 shows: S&P 500: 5.90% Dow Jones Industrial Average: 7.03% Russell 2000: 7.70%
What happened to the stock market after 9 11?
The September 11 attacks in 2001 were followed by initial shocks causing global stock markets to drop sharply. The attacks themselves resulted in approximately $40 billion in insurance losses, making it one of the largest insured events ever.
What happened to the economy in 2002?
Output growth during the first three quarters of 2002 has averaged above 3 percent, while inflation (as measured by the consumer price index) has been below 1.5 percent over the past year. The unemployment rate is currently 6.0 percent, and the average for 2002 as a whole will be about 5.8 percent.