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Nasdaq in 1974

The Nasdaq Composite fell 35.1% in 1974, from 92.19 at the end of 1973 to 59.82. Its highest close was 96.53 on Mar 15, and its lowest 54.87 on Oct 3. The biggest one-day fall was −3.6% on Nov 18 and the biggest rise +2.7% on Oct 10. Adjusted for inflation, it lost 42.2%.

Change in 1974
−35.1%
92.19 → 59.82
High
96.53
Mar 15
Low
54.87
Oct 3
After inflation
−42.2%
US CPI
Up days
113 of 253
longest run 8 up, 10 down
Below record
-56.3%
at the end of 1974

Nasdaq, daily closes 1974

Numbers mark the events below
597693JanFebMarAprMayJunJulAugSepOctNovDec1Aug 9: Richard Nixon resigns as US president.2Oct 3: Bear market low: 54.87, 59.9% below the peak.3Oct 8: Franklin National Bank is declared insolvent.4Oct 10: Biggest one-day rise of the year: +2.7%.5Nov 18: Biggest one-day fall of the year: −3.6%.6Dec 6: Dow closes at 577.60, the low of the 1973-74 bear market.

Key Events in 1974

What happened, and how the Nasdaq moved — on the day (or the next trading day) and about a month later.

  1. 1
    Friday, August 9
    Richard Nixon resigns as US president. Source
    Nasdaq: 0.0% that day · −16.0% a month later
  2. 2
    Thursday, October 3 From the data
    Bear market low: 54.87, 59.9% below the peak.
  3. 3
    Tuesday, October 8
    Franklin National Bank is declared insolvent. Source
    Nasdaq: −0.8% that day · +16.7% a month later
  4. 4
    Thursday, October 10 From the data
    Biggest one-day rise of the year: +2.7%.
  5. 5
    Monday, November 18 From the data
    Biggest one-day fall of the year: −3.6%.
  6. 6
    Friday, December 6
    Dow closes at 577.60, the low of the 1973-74 bear market. Source
    Nasdaq: −1.2% that day · +5.0% a month later

Biggest days of 1974

Best daysWorst days
Oct 10+2.7%Nov 18−3.6%
Oct 9+2.6%Jul 8−3.5%
Oct 7+2.6%Sep 4−3.2%
Jul 12+2.5%Sep 30−2.5%
Sep 19+2.4%Dec 5−2.5%

Volatility: 17.9% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan94.93+3.0%95.9591.42
Feb94.35−0.6%94.3590.08
Mar92.27−2.2%96.5392.27
Apr86.86−5.9%92.1386.04
May80.20−7.7%87.9779.78
Jun75.96−5.3%83.9275.96
Jul69.99−7.9%75.3969.82
Aug62.37−10.9%71.6861.37
Sep55.67−10.7%60.8855.67
Oct65.23+17.2%65.2354.87
Nov62.95−3.5%66.7260.75
Dec59.82−5.0%61.6657.86

Other Markets in 1974

Change over the calendar year.

MarketChangeYear-end
Nasdaq−35.1%59.82
Dow Jones Industrial Average in 1974−27.6%616.24
S&P 500 in 1974−29.7%68.56
Gold in 1974+66.1%$186.50
Silver in 1974+37.4%$4.47
US 10-year Treasury yield in 1974+0.50 pp7.40%
197119721973197419751976197719781979

Nasdaq in 1974: FAQ

How much did the Nasdaq Composite fall in 1974?

The Nasdaq Composite fell 35.1% in 1974, from 92.19 at the end of 1973 to 59.82. Its highest close was 96.53 on Mar 15, and its lowest 54.87 on Oct 3. The biggest one-day fall was −3.6% on Nov 18 and the biggest rise +2.7% on Oct 10. Adjusted for inflation, it lost 42.2%.

What were the highest and lowest closes of the Nasdaq Composite in 1974?

Highest: 96.53 on March 15, 1974. Lowest: 54.87 on October 3, 1974. It closed higher on 113 of 253 trading days.

What happened to the Nasdaq Composite on December 6, 1974?

Dow closes at 577.60, the low of the 1973-74 bear market. The Nasdaq Composite fell 1.2% that day, and was +5.0% a month later.

Data: Daily closes since the index began at 100 on 5 Feb 1971. Price index: dividends are not included. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.