Market Watch: Remembering the Dot Com bubble burst of 2000

The markets retreated a bit on the last trading day of the week but they are still at or near all-time highs. With that being, said you may be wondering what happened the last time all 3 major U.S. stock indexes were at all-time record highs?  Well, that was back in 2000 and what followed the record highs was market shattering, dot-com bubble crash.

As CNBC said today:

“The last time the Dow Jones industrial average, Nasdaq and S&P 500 closed together at new highs was Dec. 31, 1999. Bill Clinton was in the White House, “The Green Mile” was in theaters and the dot-com bubble was nearing its apex. In March 2000, that bubble burst and all three indexes plunged. By the end of 2000, the Nasdaq was down 39 percent, the Dow 6 percent and the S&P 500 10. Two years after reaching their historic highs together, the Nasdaq had lost half its value, and closed down 52 percent on Dec. 31, 2001. The S&P 500 closed down 22 percent in that time and the Dow 13 percent.”

Read more of Nicholas Wells‘ story here.

Here are the final numbers from Friday, August 12th, 2016 on Wall Street:

Dow Jones Industrial Average: 18,576.47  (-37.05 / -0.20%)

NASDAQ: 5,232.90 (+4.50 / +0.09%)

S&P 500: 2,184.05  (-1.74/ -0.08%)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 1 week ago
Phil Cannella
Phil Cannella

Leave a Reply

Your email address will not be published. Required fields are marked *