![]() Benzinga does not provide investment advice. How Delisting Chinese Stocks Could Hurt Wall Street A chart of its stock price would fit in with the biggest. The stock has risen almost 23,000 since 2012. One of them is that the 2000 crash was exclusively in US. Tesla ( TSLA 1.56) is the darling of the stock market these days, and it's no wonder. The bursting of the bubble sent the Nasdaq tumbling back to as low as 1,108.49 by mid-2002. Between March 2000 and October 2002, the Nasdaq-100 sank 78 as once-loved, but largely unprofitable, tech firms fell by the wayside. Within three months, the Nasdaq reached 5,000 and hit its Dot Com bubble peak of 5,132.52 in early 2000. The Nasdaq had doubled again before the end of 1999, reaching 4,000 for the first time on December 29. The surge in tech stocks driven by the Dot Com bubble generated major returns for Nasdaq investors in the late 1990s, and the 2,000 mark was nowhere near the peak. Nasdaq Milestone: Almost exactly three years after closing above 1,000 for the first time on July 17, 1995, The Nasdaq Composite eclipsed the 2,000 mark for the first time on July 16, 1998. redesigned its $20 bills to make them more difficult to counterfeit. In comparison, the Dow Jones Industrial Average only dropped 37 over 34 months and took 6.6 years to recover. What Else Was Going On In The World? In 1998, France hosted and won the FIFA World Cup. Stock Market Crashes Chart: Stock Market Crash 2000 DotCom Crash Nasdaq 100 Chart. The Dow Jones Industrial Average closed the day at 9,328.19 and the S&P 500 traded at 1,183.99. What Happened? On this day in 1998, the Nasdaq Composite Index closed above 2,000 for the first time. Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
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