Nasdaq in 1984

The Nasdaq Composite fell 11.3% in 1984, from 278.60 at the end of 1983 to 247.10. Its highest close was 287.90 on Jan 6, and its lowest 225.30 on Jul 25. The biggest one-day fall was −4.6% on Dec 11 and the biggest rise +4.6% on Dec 10. Adjusted for inflation, it lost 14.7%.

Change in 1984

−11.3%

278.60 → 247.10

High

287.90

Jan 6

Low

225.30

Jul 25

After inflation

−14.7%

US CPI

Up days

107 of 253

longest run 6 up, 16 down

Below record

-24.9%

at the end of 1984

Nasdaq, daily closes 1984

Numbers mark the events below

Key Events in 1984

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

1
Sunday, January 1

The court-ordered breakup of the Bell System (AT&T) takes effect. Source

Nasdaq: −0.3% next trading day (Jan 3) · −3.7% a month later
2
Monday, February 6 From the data

Enters a bear market: 20% below its peak of 328.91 (June 24, 1983).
3
Thursday, May 17

FDIC, Fed and OCC announce temporary assistance for Continental Illinois, ending the run on the bank. Source

Nasdaq: −1.0% that day · −5.2% a month later
4
Wednesday, July 25 From the data

Bear market low: 225.30, 31.5% below the peak.
5
Tuesday, November 6

Ronald Reagan is re-elected US president. Source

Nasdaq: +0.8% that day · −3.9% a month later
6
Monday, December 10 From the data

Biggest one-day rise of the year: +4.6%.
7
Tuesday, December 11 From the data

Biggest one-day fall of the year: −4.6%.

Biggest days of 1984

Best days		Worst days
Dec 10	+4.6%	Dec 11	−4.6%
Aug 3	+3.1%	Nov 29	−2.9%
Nov 27	+3.0%	Feb 6	−2.0%
Aug 2	+2.4%	May 24	−1.7%
Dec 18	+2.0%	Feb 8	−1.5%

Volatility: 13.1% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	268.43	−3.7%	287.90	268.43
Feb	252.57	−5.9%	266.43	247.09
Mar	250.78	−0.7%	255.54	249.01
Apr	247.44	−1.3%	249.80	241.79
May	232.82	−5.9%	253.01	231.93
Jun	239.65	+2.9%	241.11	235.62
Jul	229.70	−4.2%	238.29	225.30
Aug	254.64	+10.9%	254.81	233.35
Sep	249.94	−1.8%	255.60	249.94
Oct	247.00	−1.2%	251.20	243.29
Nov	242.40	−1.9%	252.30	242.40
Dec	247.10	+1.9%	250.20	238.10

Other Markets in 1984

Change over the calendar year.

Market	Change	Year-end
Nasdaq	−11.3%	247.10
Dow Jones Industrial Average in 1984	−3.7%	1,211.57
S&P 500 in 1984	+1.4%	167.24
Gold in 1984	−19.4%	$308.30
Silver in 1984	−29.4%	$6.29
US 10-year Treasury yield in 1984	−0.27 pp	11.55%

1980 1981 1982 1983 1984 1985 1986 1987 1988 1989

Nasdaq in 1984: FAQ

How much did the Nasdaq Composite fall in 1984?

What were the highest and lowest closes of the Nasdaq Composite in 1984?

Highest: 287.90 on January 6, 1984. Lowest: 225.30 on July 25, 1984. It closed higher on 107 of 253 trading days.

What happened to the Nasdaq Composite on May 17, 1984?

FDIC, Fed and OCC announce temporary assistance for Continental Illinois, ending the run on the bank. The Nasdaq Composite fell 1.0% that day, and was −5.2% 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.