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Nasdaq in 1978

The Nasdaq Composite rose 12.3% in 1978, from 105.05 at the end of 1977 to 117.98. Its highest close was 139.25 on Sep 13 — a record that stood until July 26, 1979, and its lowest 99.09 on Jan 11. The biggest one-day fall was −2.7% on Oct 20 and the biggest rise +3.2% on Nov 1. Adjusted for inflation, it gained 3.0%.

Change in 1978
+12.3%
105.05 → 117.98
High
139.25
Sep 13
Low
99.09
Jan 11
After inflation
+3.0%
US CPI
Up days
165 of 252
longest run 12 up, 7 down
Record highs
5
closing records

Nasdaq, daily closes 1978

Numbers mark the events below
103119135previous recordJanFebMarAprMayJunJulAugSepOctNovDec1Sep 7: sets the first of 5 record closing highs this year, at 137.09. Back above its pre-bear-market peak of 136.84 (January 11, 1973).2Sep 13: Last record close of the year: 139.25.3Oct 20: Biggest one-day fall of the year: −2.7%.4Oct 31: Enters a bear market: 20% below its peak of 139.25 (September 13, 1978).5Nov 1: Biggest one-day rise of the year: +3.2%.6Nov 14: Bear market low: 110.88, 20.4% below the peak.

Key Events in 1978

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

  1. 1
    Thursday, September 7 From the data
    sets the first of 5 record closing highs this year, at 137.09. Back above its pre-bear-market peak of 136.84 (January 11, 1973).
  2. 2
    Wednesday, September 13 From the data
    Last record close of the year: 139.25.
  3. 3
    Friday, October 20 From the data
    Biggest one-day fall of the year: −2.7%.
  4. 4
    Tuesday, October 31 From the data
    Enters a bear market: 20% below its peak of 139.25 (September 13, 1978).
  5. 5
    Wednesday, November 1 From the data
    Biggest one-day rise of the year: +3.2%.
  6. 6
    Tuesday, November 14 From the data
    Bear market low: 110.88, 20.4% below the peak.

Biggest days of 1978

Best daysWorst days
Nov 1+3.2%Oct 20−2.7%
Nov 17+1.3%Dec 18−2.6%
Dec 1+1.3%Oct 26−2.6%
Apr 14+1.2%Oct 30−2.5%
Apr 20+1.1%Oct 27−2.3%

Volatility: 11.5% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan100.84−4.0%104.0099.09
Feb101.47+0.6%103.58101.47
Mar106.20+4.7%106.20101.47
Apr115.18+8.5%115.18105.89
May120.24+4.4%121.93115.96
Jun120.300.0%124.51119.18
Jul126.32+5.0%126.32118.82
Aug135.01+6.9%135.84126.81
Sep132.89−1.6%139.25132.01
Oct111.12−16.4%135.58111.12
Nov114.69+3.2%116.17110.88
Dec117.98+2.9%119.15114.33

Other Markets in 1978

Change over the calendar year.

MarketChangeYear-end
Nasdaq+12.3%117.98
Dow Jones Industrial Average in 1978−3.1%805.01
S&P 500 in 1978+1.1%96.11
Gold in 1978+37.0%$226.00
Silver in 1978+26.6%$6.02
US 10-year Treasury yield in 1978+1.37 pp9.15%
197119721973197419751976197719781979

Nasdaq in 1978: FAQ

How much did the Nasdaq Composite rise in 1978?

The Nasdaq Composite rose 12.3% in 1978, from 105.05 at the end of 1977 to 117.98. Its highest close was 139.25 on Sep 13 — a record that stood until July 26, 1979, and its lowest 99.09 on Jan 11. The biggest one-day fall was −2.7% on Oct 20 and the biggest rise +3.2% on Nov 1. Adjusted for inflation, it gained 3.0%.

What were the highest and lowest closes of the Nasdaq Composite in 1978?

Highest: 139.25 on September 13, 1978. Lowest: 99.09 on January 11, 1978. It closed higher on 165 of 252 trading days.

Did the Nasdaq Composite reach a record high in 1978?

Yes — 5 record closing highs, the last at 139.25 on September 13, 1978.

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.