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Nasdaq in 1987

The Nasdaq Composite fell 5.2% in 1987, from 348.80 at the end of 1986 to 330.50. Its highest close was 455.80 on Aug 27 — a record that stood until August 3, 1989, and its lowest 291.90 on Oct 28. The biggest one-day fall was −11.3% on Oct 19 and the biggest rise +7.4% on Oct 21. Adjusted for inflation, it lost 9.3%.

Change in 1987
−5.2%
348.80 → 330.50
High
455.80
Aug 27
Low
291.90
Oct 28
After inflation
−9.3%
US CPI
Up days
145 of 253
longest run 10 up, 7 down
Record highs
24
closing records

Nasdaq, daily closes 1987

Numbers mark the events below
307374440previous recordJanFebMarAprMayJunJulAugSepOctNovDec1Feb 13: Nasdaq sets the first of 24 record closing highs this year, at 412.50.2Aug 25: Dow reaches its pre-crash all-time high of about 2,722.3Aug 27: Last record close of the year: 455.80.4Oct 19: Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop.5Oct 19: Enters a bear market: 20% below its peak of 455.80 (August 27, 1987).6Oct 20: Fed affirms its readiness to serve as a source of liquidity to the financial system.7Oct 21: Biggest one-day rise of the year: +7.4%.8Oct 28: Bear market low: 291.90, 36.0% below the peak.

Key Events in 1987

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

  1. 1
    Friday, February 13 From the data
    Nasdaq sets the first of 24 record closing highs this year, at 412.50.
  2. 2
    Tuesday, August 25
    Dow reaches its pre-crash all-time high of about 2,722. Source
    Nasdaq: +0.3% that day · −2.9% a month later
  3. 3
    Thursday, August 27 From the data
    Last record close of the year: 455.80.
  4. 4
    Monday, October 19
    Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. Source
    Nasdaq: −11.3% that day · −20.6% a month later
  5. 5
    Monday, October 19 From the data
    Enters a bear market: 20% below its peak of 455.80 (August 27, 1987).
  6. 6
    Tuesday, October 20
    Fed affirms its readiness to serve as a source of liquidity to the financial system. Source
    Nasdaq: −9.0% that day · −12.0% a month later
  7. 7
    Wednesday, October 21 From the data
    Biggest one-day rise of the year: +7.4%.
  8. 8
    Wednesday, October 28 From the data
    Bear market low: 291.90, 36.0% below the peak.

Biggest days of 1987

Best daysWorst days
Oct 21+7.4%Oct 19−11.3%
Oct 30+5.3%Oct 26−9.0%
Oct 29+5.2%Oct 20−9.0%
Dec 18+2.3%Oct 22−4.5%
Jan 5+2.3%Oct 16−3.8%

Volatility: 24.9% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan392.10+12.4%393.20353.20
Feb425.00+8.4%425.00397.20
Mar430.10+1.2%439.60423.60
Apr417.80−2.9%437.60409.70
May416.50−0.3%423.20406.60
Jun424.70+2.0%429.30413.60
Jul434.90+2.4%434.90424.50
Aug455.00+4.6%455.80432.80
Sep444.30−2.4%452.50436.00
Oct323.30−27.2%453.60291.90
Nov305.20−5.6%328.30305.20
Dec330.50+8.3%333.20292.90

Other Markets in 1987

Change over the calendar year.

MarketChangeYear-end
Nasdaq−5.2%330.50
Dow Jones Industrial Average in 1987+2.3%1,938.83
S&P 500 in 1987+2.0%247.08
Nikkei 225 in 1987+14.6%21,564.00
Gold in 1987+24.5%$484.10
Silver in 1987+26.9%$6.70
WTI crude oil in 1987−6.6%$16.74
US 10-year Treasury yield in 1987+1.60 pp8.83%
1980198119821983198419851986198719881989

Nasdaq in 1987: FAQ

How much did the Nasdaq Composite fall in 1987?

The Nasdaq Composite fell 5.2% in 1987, from 348.80 at the end of 1986 to 330.50. Its highest close was 455.80 on Aug 27 — a record that stood until August 3, 1989, and its lowest 291.90 on Oct 28. The biggest one-day fall was −11.3% on Oct 19 and the biggest rise +7.4% on Oct 21. Adjusted for inflation, it lost 9.3%.

What were the highest and lowest closes of the Nasdaq Composite in 1987?

Highest: 455.80 on August 27, 1987. Lowest: 291.90 on October 28, 1987. It closed higher on 145 of 253 trading days.

What happened to the Nasdaq Composite on October 19, 1987?

Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. The Nasdaq Composite fell 11.3% that day, and was −20.6% a month later.

Did the Nasdaq Composite reach a record high in 1987?

Yes — 24 record closing highs, the last at 455.80 on August 27, 1987.

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.

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APA 7
Corgano. (2026, November 1). Nasdaq in 1987. Corgano Gold Price. Retrieved November 1, 2026, from https://goldprice.corgano.com/market-history/nasdaq/1987
MLA 9
“Nasdaq in 1987.” Corgano Gold Price, goldprice.corgano.com/market-history/nasdaq/1987. Accessed 1 Nov. 2026.
Chicago
Corgano. “Nasdaq in 1987.” Corgano Gold Price. Accessed November 1, 2026. https://goldprice.corgano.com/market-history/nasdaq/1987.
BibTeX
@misc{corgano2026nasdaqin1987, author = {{Corgano}}, title = {Nasdaq in 1987}, howpublished = {\url{https://goldprice.corgano.com/market-history/nasdaq/1987}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}
Link
Nasdaq in 1987 — Corgano Gold Price: https://goldprice.corgano.com/market-history/nasdaq/1987