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Nasdaq in 1988

The Nasdaq Composite rose 15.4% in 1988, from 330.50 at the end of 1987 to 381.40. Its highest close was 396.10 on Jul 5, and its lowest 332.00 on Jan 12. The biggest one-day fall was −3.2% on Jan 8 and the biggest rise +2.4% on Jan 4. Adjusted for inflation, it gained 10.5%.

Change in 1988
+15.4%
330.50 → 381.40
High
396.10
Jul 5
Low
332.00
Jan 12
After inflation
+10.5%
US CPI
Up days
147 of 253
longest run 12 up, 6 down
Below record
-16.3%
at the end of 1988

Nasdaq, daily closes 1988

Numbers mark the events below
338364390JanFebMarAprMayJunJulAugSepOctNovDec1Jan 4: Biggest one-day rise of the year: +2.4%.2Jan 8: Reagan receives the Brady Task Force report on the 1987 crash.3Nov 8: George H. W. Bush is elected US president.

Key Events in 1988

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

  1. 1
    Monday, January 4 From the data
    Biggest one-day rise of the year: +2.4%.
  2. 2
    Friday, January 8
    Reagan receives the Brady Task Force report on the 1987 crash. Source
    Nasdaq: −3.2% that day · −1.1% a month later
  3. 3
    Tuesday, November 8
    George H. W. Bush is elected US president. Source
    Nasdaq: +0.6% that day · 0.0% a month later

Biggest days of 1988

Best daysWorst days
Jan 4+2.4%Jan 8−3.2%
Jan 15+1.8%Apr 14−2.3%
Jan 5+1.7%Jan 20−2.0%
Feb 10+1.2%May 11−1.7%
Jun 1+1.2%Aug 10−1.5%

Volatility: 9.9% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan344.70+4.3%349.70332.00
Feb367.00+6.5%367.00343.70
Mar374.60+2.1%381.60367.30
Apr379.20+1.2%383.40371.90
May370.30−2.3%382.20363.30
Jun394.70+6.6%394.70374.70
Jul387.30−1.9%396.10383.30
Aug376.60−2.8%388.90373.50
Sep387.70+2.9%387.70373.00
Oct382.50−1.3%388.60381.80
Nov371.50−2.9%382.80365.10
Dec381.40+2.7%381.40372.80

Other Markets in 1988

Change over the calendar year.

MarketChangeYear-end
Nasdaq+15.4%381.40
Dow Jones Industrial Average in 1988+11.8%2,168.57
S&P 500 in 1988+12.4%277.72
Russell 2000 in 1988+22.4%147.37
Nikkei 225 in 1988+39.9%30,159.00
Gold in 1988−15.3%$410.25
Silver in 1988−9.7%$6.05
WTI crude oil in 1988+2.3%$17.12
Brent crude oil in 1988−7.8%$16.23
US 10-year Treasury yield in 1988+0.31 pp9.14%
1980198119821983198419851986198719881989

Nasdaq in 1988: FAQ

How much did the Nasdaq Composite rise in 1988?

The Nasdaq Composite rose 15.4% in 1988, from 330.50 at the end of 1987 to 381.40. Its highest close was 396.10 on Jul 5, and its lowest 332.00 on Jan 12. The biggest one-day fall was −3.2% on Jan 8 and the biggest rise +2.4% on Jan 4. Adjusted for inflation, it gained 10.5%.

What were the highest and lowest closes of the Nasdaq Composite in 1988?

Highest: 396.10 on July 5, 1988. Lowest: 332.00 on January 12, 1988. It closed higher on 147 of 253 trading days.

What happened to the Nasdaq Composite on January 8, 1988?

Reagan receives the Brady Task Force report on the 1987 crash. The Nasdaq Composite fell 3.2% that day, and was −1.1% 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.