Just how low will Nasdaq go?
Article Abstract:
The Nasdaq registered its second-biggest drop of 286.27 points to 3769.63 on Apr 12, 2000, just six days after it rebounded from a 575-point decline. Technical analysts are labeling the development as a normal correction that is to be expected after a rally. They point to the fact that despite its most recent plunges, Nadaq has only lost half of an almost 100% gain it registered from Oct 1999 to its peak in Mar 2000.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Nasdaq climbs above 3000
Article Abstract:
The Nasdaq composite has gone up to close above 3000 in three weeks. It rose 98 points, or 3.3%, to 3015 on Dec 11, 2000. The technology stock revival is attributable to renewed investor confidence. Closing above 3000 also gave the stock market a psychological boost. Despite the increase, the Nasdaq is still down 40% from its high and trades below the level it first reached in 1999. Investor confidence is due to the belief that stocks have bottomed as well as the end of the presidential stalemate.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Nasdaq, S&P sink to lows for the year
Article Abstract:
The Nasdaq has plummeted to a new low for 2000 as investors counting on an interest rate cut to ease their year-long pain panicked whty they did not get it on Dec 19. The sell-off was triggered by news of the Federal Reserve's decision to keep rates unchanged. It sent the Nasdaq composite down 113 points, or 4% to 2512, whch is equivalent to a drop of 38% in 2000, putting it on the track for its worst year ever. Similarly, the Dow Jones industrials declined by 61 points to 10,584 while the Standard and Poor's 500 set a low for the year.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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