Nasdaq in 1999

The Nasdaq Composite rose 85.6% in 1999, from 2,192.69 at the end of 1998 to 4,069.31. Its highest close was 4,069.31 on Dec 31 — a record that stood until January 3, 2000, and its lowest 2,208.05 on Jan 4. The biggest one-day fall was −5.6% on Apr 19 and the biggest rise +4.3% on Jun 16. Adjusted for inflation, it gained 80.7%.

Change in 1999

+85.6%

2,192.69 → 4,069.31

High

4,069.31

Dec 31

Low

2,208.05

Jan 4

After inflation

+80.7%

US CPI

Up days

146 of 252

longest run 8 up, 5 down

Record highs

closing records

Nasdaq, daily closes 1999

Numbers mark the events below

Key Events in 1999

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

1
Monday, January 4 From the data

Nasdaq sets the first of 61 record closing highs this year, at 2,208.05.
2
Monday, April 19 From the data

Biggest one-day fall of the year: −5.6%.
3
Wednesday, June 16 From the data

Biggest one-day rise of the year: +4.3%.
4
Wednesday, November 3 From the data

Nasdaq closes above 3,000 for the first time (3,028.51).
5
Friday, November 12

Gramm-Leach-Bliley Act is signed, repealing Glass-Steagall limits on combining banking and securities. Source

Nasdaq: +0.7% that day · +14.4% a month later
6
Wednesday, December 29 From the data

Nasdaq closes above 4,000 for the first time (4,041.46).
7
Friday, December 31 From the data

Last record close of the year: 4,069.31.

Biggest days of 1999

Best days		Worst days
Jun 16	+4.3%	Apr 19	−5.6%
Feb 11	+4.2%	Feb 9	−3.9%
Sep 3	+4.0%	Sep 23	−3.8%
Oct 20	+3.7%	Feb 12	−3.5%
Aug 13	+3.5%	Jul 20	−3.5%

Volatility: 27.3% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	2,505.89	+14.3%	2,505.89	2,208.05
Feb	2,288.03	−8.7%	2,510.09	2,248.91
Mar	2,461.40	+7.6%	2,492.84	2,259.03
Apr	2,542.86	+3.3%	2,652.05	2,345.61
May	2,470.52	−2.8%	2,606.54	2,380.90
Jun	2,686.12	+8.7%	2,686.12	2,398.31
Jul	2,638.49	−1.8%	2,864.48	2,619.19
Aug	2,739.35	+3.8%	2,805.60	2,490.11
Sep	2,746.16	+0.2%	2,887.06	2,730.27
Oct	2,966.43	+8.0%	2,966.43	2,688.18
Nov	3,336.16	+12.5%	3,447.81	2,967.65
Dec	4,069.31	+22.0%	4,069.31	3,353.71

Other Markets in 1999

Change over the calendar year.

Market	Change	Year-end
Nasdaq	+85.6%	4,069.31
Dow Jones Industrial Average in 1999	+25.2%	11,497.12
S&P 500 in 1999	+19.5%	1,469.25
Russell 2000 in 1999	+19.6%	504.75
Nikkei 225 in 1999	+36.8%	18,934.34
Gold in 1999	+0.9%	$290.25
Silver in 1999	+6.4%	$5.33
WTI crude oil in 1999	+112.2%	$25.76
Brent crude oil in 1999	+136.5%	$24.93
US 10-year Treasury yield in 1999	+1.80 pp	6.45%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Nasdaq in 1999: FAQ

How much did the Nasdaq Composite rise in 1999?

What were the highest and lowest closes of the Nasdaq Composite in 1999?

Highest: 4,069.31 on December 31, 1999. Lowest: 2,208.05 on January 4, 1999. It closed higher on 146 of 252 trading days.

What happened to the Nasdaq Composite on November 12, 1999?

Gramm-Leach-Bliley Act is signed, repealing Glass-Steagall limits on combining banking and securities. The Nasdaq Composite rose 0.7% that day, and was +14.4% a month later.

Did the Nasdaq Composite reach a record high in 1999?

Yes — 61 record closing highs, the last at 4,069.31 on December 31, 1999.

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.