Nasdaq in 1997

The Nasdaq Composite rose 21.6% in 1997, from 1,291.03 at the end of 1996 to 1,570.35. Its highest close was 1,745.85 on Oct 9 — a record that stood until February 23, 1998, and its lowest 1,201.00 on Apr 2. The biggest one-day fall was −7.2% on Oct 27 and the biggest rise +4.6% on Oct 28. Adjusted for inflation, it gained 19.6%.

Change in 1997

+21.6%

1,291.03 → 1,570.35

High

1,745.85

Oct 9

Low

1,201.00

Apr 2

After inflation

+19.6%

US CPI

Up days

145 of 253

longest run 10 up, 7 down

Record highs

closing records

Nasdaq, daily closes 1997

Numbers mark the events below

Key Events in 1997

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

1
Monday, January 6 From the data

sets the first of 47 record closing highs this year, at 1,316.40.
2
Wednesday, July 2

Thailand floats the baht, starting the Asian financial crisis. Source

Nasdaq: +1.2% that day · +10.8% a month later
3
Thursday, October 9 From the data

Last record close of the year: 1,745.85.
4
Thursday, October 23

Hong Kong Monetary Authority raises overnight rates to defend the dollar peg as the Hang Seng slumps. Source

Nasdaq: −2.2% that day · −4.8% a month later
5
Monday, October 27

Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early. Source

Nasdaq: −7.2% that day · −3.9% a month later
6
Tuesday, October 28 From the data

Biggest one-day rise of the year: +4.6%.

Biggest days of 1997

Best days		Worst days
Oct 28	+4.6%	Oct 27	−7.2%
May 2	+2.7%	Nov 12	−2.7%
May 5	+2.6%	Dec 11	−2.4%
Jul 16	+2.5%	Apr 11	−2.3%
Jan 3	+2.3%	Mar 31	−2.2%

Volatility: 18.5% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	1,379.85	+6.9%	1,388.06	1,280.70
Feb	1,309.00	−5.1%	1,376.05	1,309.00
Mar	1,221.70	−6.7%	1,329.09	1,221.70
Apr	1,260.76	+3.2%	1,260.76	1,201.00
May	1,400.32	+11.1%	1,410.18	1,270.50
Jun	1,442.07	+3.0%	1,452.43	1,379.67
Jul	1,593.81	+10.5%	1,593.81	1,438.25
Aug	1,587.32	−0.4%	1,630.44	1,562.03
Sep	1,685.69	+6.2%	1,697.36	1,618.09
Oct	1,593.61	−5.5%	1,745.85	1,532.75
Nov	1,600.55	+0.4%	1,637.33	1,541.71
Dec	1,570.35	−1.9%	1,651.54	1,499.53

Other Markets in 1997

Change over the calendar year.

Market	Change	Year-end
Nasdaq	+21.6%	1,570.35
Dow Jones Industrial Average in 1997	+22.6%	7,908.24
S&P 500 in 1997	+31.0%	970.43
Russell 2000 in 1997	+20.5%	437.02
Nikkei 225 in 1997	−21.2%	15,259.00
Gold in 1997	−21.4%	$290.20
Silver in 1997	+25.4%	$5.98
WTI crude oil in 1997	−31.9%	$17.65
Brent crude oil in 1997	−33.6%	$15.86
US 10-year Treasury yield in 1997	−0.68 pp	5.75%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Nasdaq in 1997: FAQ

How much did the Nasdaq Composite rise in 1997?

What were the highest and lowest closes of the Nasdaq Composite in 1997?

Highest: 1,745.85 on October 9, 1997. Lowest: 1,201.00 on April 2, 1997. It closed higher on 145 of 253 trading days.

What happened to the Nasdaq Composite on October 27, 1997?

Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early. The Nasdaq Composite fell 7.2% that day, and was −3.9% a month later.

Did the Nasdaq Composite reach a record high in 1997?

Yes — 47 record closing highs, the last at 1,745.85 on October 9, 1997.

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.