The Dot-Com Bubble Peak: March 10, 2000

What Happened On March 10, 2000, the NASDAQ Composite Index reached an alltime intraday high of 5,132.52 and closed at 5,048.62. This date is widely recognized as the peak of the infamous DotCom Bubble, a period of aggressive speculation in internetrelated companies. The day itself saw significant volatility, with early trading pushing the index to new heights, fueled by exuberant sentiment and the belief that 'neweconomy' companies would redefine commerce and industry. However, underneath the surface, cracks were beginning to show, and the rally was unsustainable. The immediate aftermath was not a dramatic crash on March 11th, but rather a slow, painful unwinding that started in the weeks and months that followed. The NASDAQ would begin a precipitous decline, marking the start of a bear market that would erase trillions of dollars in market capitalization. Many companies with little to no revenue but compelling internet business plans saw their stock prices collapse, leading to widespread bankruptcies and investor losses. Key Statistics Metric Value Opening Price Approximately 5,038 Session High Approximately 5,132.52 Session Low Approximately 5,015 Closing Price Approximately 5,048.62 % Change Approximately +0.2% to +1.0% intraday volatility Volume Moderately higher than average Note: Statistics are approximate based on historical records. The Market Context The DotCom Bubble was a product of the late 1990s, driven by the rapid commercializat