Nasdaq in 1997
The Nasdaq Composite rose 21.6% in 1997, from 1,291.03 at the end of 1996 to 1,570.35. Its highest close was 1,745.85 on Oct 9 — a record that stood until February 23, 1998, and its lowest 1,201.00 on Apr 2. The biggest one-day fall was −7.2% on Oct 27 and the biggest rise +4.6% on Oct 28. Adjusted for inflation, it gained 19.6%.
Nasdaq, daily closes 1997
Numbers mark the events belowKey Events in 1997
What happened, and how the Nasdaq moved — on the day (or the next trading day) and about a month later.
- 1
Monday, January 6 From the dataNasdaq sets the first of 47 record closing highs this year, at 1,316.40.
- 2
Wednesday, July 2Thailand floats the baht, starting the Asian financial crisis. SourceNasdaq: +1.2% that day · +10.8% a month later
- 3
Thursday, October 9 From the dataLast record close of the year: 1,745.85.
- 4
Thursday, October 23Hong Kong Monetary Authority raises overnight rates to defend the dollar peg as the Hang Seng slumps. SourceNasdaq: −2.2% that day · −4.8% a month later
- 5
Monday, October 27Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early. SourceNasdaq: −7.2% that day · −3.9% a month later
- 6
Tuesday, October 28 From the dataBiggest one-day rise of the year: +4.6%.
Biggest days of 1997
| Best days | Worst days | ||
|---|---|---|---|
| Oct 28 | +4.6% | Oct 27 | −7.2% |
| May 2 | +2.7% | Nov 12 | −2.7% |
| May 5 | +2.6% | Dec 11 | −2.4% |
| Jul 16 | +2.5% | Apr 11 | −2.3% |
| Jan 3 | +2.3% | Mar 31 | −2.2% |
Volatility: 18.5% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | 1,379.85 | +6.9% |
| Feb | 1,309.00 | −5.1% |
| Mar | 1,221.70 | −6.7% |
| Apr | 1,260.76 | +3.2% |
| May | 1,400.32 | +11.1% |
| Jun | 1,442.07 | +3.0% |
| Jul | 1,593.81 | +10.5% |
| Aug | 1,587.32 | −0.4% |
| Sep | 1,685.69 | +6.2% |
| Oct | 1,593.61 | −5.5% |
| Nov | 1,600.55 | +0.4% |
| Dec | 1,570.35 | −1.9% |
Other Markets in 1997
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Nasdaq | +21.6% | 1,570.35 |
| Dow Jones Industrial Average in 1997 | +22.6% | 7,908.24 |
| S&P 500 in 1997 | +31.0% | 970.43 |
| Russell 2000 in 1997 | +20.5% | 437.02 |
| Nikkei 225 in 1997 | −21.2% | 15,259.00 |
| Gold in 1997 | −21.4% | $290.20 |
| Silver in 1997 | +25.4% | $5.98 |
| WTI crude oil in 1997 | −31.9% | $17.65 |
| Brent crude oil in 1997 | −33.6% | $15.86 |
| US 10-year Treasury yield in 1997 | −0.68 pp | 5.75% |
Nasdaq in 1997: FAQ
How much did the Nasdaq Composite rise in 1997?
The Nasdaq Composite rose 21.6% in 1997, from 1,291.03 at the end of 1996 to 1,570.35. Its highest close was 1,745.85 on Oct 9 — a record that stood until February 23, 1998, and its lowest 1,201.00 on Apr 2. The biggest one-day fall was −7.2% on Oct 27 and the biggest rise +4.6% on Oct 28. Adjusted for inflation, it gained 19.6%.
What were the highest and lowest closes of the Nasdaq Composite in 1997?
Highest: 1,745.85 on October 9, 1997. Lowest: 1,201.00 on April 2, 1997. It closed higher on 145 of 253 trading days.
What happened to the Nasdaq Composite on October 27, 1997?
Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early. The Nasdaq Composite fell 7.2% that day, and was −3.9% a month later.
Did the Nasdaq Composite reach a record high in 1997?
Yes — 47 record closing highs, the last at 1,745.85 on October 9, 1997.
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.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026nasdaqin1997, author = {{Corgano}}, title = {Nasdaq in 1997}, howpublished = {\url{https://goldprice.corgano.com/market-history/nasdaq/1997}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}