The Nasdaq Composite index fell by approximately 2,400 points in the four weeks from February 12 to March 11, 2020, but has since recovered, peaking at over 18,647 points on July 10, 2024. In February 2020 - just prior to the global coronavirus (COVID-19) pandemic, the Nasdaq Composite index stood at a little over 9,700 points. In February 2020 - just prior to the global coronavirus (COVID-19) pandemic, the Nasdaq Composite index stood at a little over 9,700 points.
Coronavirus concerns escalate
The World Health Organization declared the coronavirus outbreak as a global pandemic in March 2020, setting the Dow Jones Industrial Average, the S&P 500, and other market indexes up for significant losses. With the stock markets destabilized, traders opted to sell their shares and were prepared to wait before investing in stocks again. Investors would have felt more confident if there were signs that the virus was being contained, but the number of cases continued to rise.
Weekly development of the Nasdaq Composite Index from January 2020 to July 2024
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Nasdaq. (July 16, 2024). Weekly development of the Nasdaq Composite Index from January 2020 to July 2024 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1104283/weekly-nasdaq-index-performance/
Nasdaq. "Weekly development of the Nasdaq Composite Index from January 2020 to July 2024." Chart. July 16, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1104283/weekly-nasdaq-index-performance/
Nasdaq. (2024). Weekly development of the Nasdaq Composite Index from January 2020 to July 2024. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1104283/weekly-nasdaq-index-performance/
Nasdaq. "Weekly Development of The Nasdaq Composite Index from January 2020 to July 2024." Statista, Statista Inc., 16 Jul 2024, https://www.statista.com/statistics/1104283/weekly-nasdaq-index-performance/
Nasdaq, Weekly development of the Nasdaq Composite Index from January 2020 to July 2024 Statista, https://www.statista.com/statistics/1104283/weekly-nasdaq-index-performance/ (last visited July 22, 2024)
Weekly development of the Nasdaq Composite Index from January 2020 to July 2024 [Graph], Nasdaq, July 16, 2024. [Online]. Available: https://www.statista.com/statistics/1104283/weekly-nasdaq-index-performance/