Happy 50th Birthday to the Nasdaq Composite

Today is the 50th birthday for the Nasdaq Composite index.

The index started at 100 based on the closing prices of February 5, 1971. That was also a Friday. The first day of trading was Monday, February 8. The index closed that day at 100.84.

However, the start wasn’t that great. By October 3, 1974, the Nasdaq had fallen down to 54.87.

The index crashed 77.93% during a two-and-a-half year stretch from March 2000 to October 2003.

The Nasdaq closed Thursday at 13,777.74. Not including dividends, that’s an annualized gain of 10.35% per year.

Posted by on February 5th, 2021 at 10:22 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.