Nasdaq crashed a decade ago

Thailand News.Net
Wednesday 10th March, 2010

It is ten years since the dotcom bubble burst.

The Nasdaq exchange had risen 24% from the end of 1999 while the Dow Jones index of leading industrial shares had fallen 13%.

Many players, convinced the Nasdaq would smash through the 6,000-level, stayed on when, on the 10th March 2000, Nasdaq's leading technology shares spiked and fell quickly, ensuring the end of the overblown internet economy.

Since then, the Nasdaq exchange has failed to recover fully and currently trades at less than half its peak value.

While some companies are still thriving on the Nasdaq, many tech firms have swapped to the blue-chip New York Stock Exchange.

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