10/03/2000 Nasdaq stock index peaks before the dot-com bubble burst
Nasdaq hits 5,000 for the first time in 15 years
The dot com bubble has yet to burst
NASDAQ Composite peaked at 5,132.52 but fell 78% in the following 30 months. The dot-com bubble was a historic economic bubble and period of excessive speculation, a period of extreme growth in the usage and adaptation of the Internet by businesses and consumers. During this period, many Internet-based companies were founded, many of which failed.
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