April 14, 2000

a.k.a. Tech Wreck of 2000

The day the Nasdaq crashed.

Historical perspective: It occurred on Friday, the 14th of April 2000, which incidentally is the anniversary of the sinking of the Titanic, and it signaled the end of a remarkable speculative high-tech bubble starting in spring 1997 (see: dot-com shakeout). The closing of the Nasdaq at 3321 corresponded to a total loss of over 35% since its all-time high of 5133 on the 10th of March 2000.

NetLingo Classification: Online Business