Haiti Sun
HaitiSun.com Saturday 11th February 2012 Edition 10/42
Follow us on Follow us on TwitterFollow us on facebook
  • More Breaking Business News

  • US Army vehicles now battery powered
  • US/Canadian Nissan drivers might get a call
  • Chinese sovereign wealth fund gets boosted
  • Less cash to lend in China
  • De Beers have a successful year
  • Singer Whitney Houston dies at 48
  • Whitney Houston dies at 48
  • Bennett to be honoured in San Francisco
    Get Breaking Business News headlines emailed to you daily.

    Nasdaq crash was ten years ago
    Haiti Sun
    Wednesday 10th March, 2010  


    It is ten years since the dotcom bubble burst.

    The Nasdaq exchange had risen 24% from the end of 1999 while the Dow Jones index of leading industrial shares had fallen 13%.

    Many players, convinced the Nasdaq would smash through the 6,000-level, stayed on when, on the 10th March 2000, Nasdaq's leading technology shares spiked and fell quickly, ensuring the end of the overblown internet economy.

    Since then, the Nasdaq exchange has failed to recover fully and currently trades at less than half its peak value.

    While some companies are still thriving on the Nasdaq, many tech firms have swapped to the blue-chip New York Stock Exchange.


      Email this story to a friend

    Have your say on this story

    Your nickname (required)
    Message