The Nasdaq Surpasses 3,000 Points in 1999: Its Shocking End
On November 3, 1999, the NASDAQ closed at 3,028 points, surpassing 3,000 for the first time. The dot-com bubble was reaching its peak. The New York Times devoted extensive coverage to this milestone. At that point, the NASDAQ had risen by almost 3,001 points over the past four years, but the euphoria didn't end there. By December 3, the NASDAQ had surpassed 3,500 points, by December 29, it had reached 4,000, and on March 9, 2000, it had closed above 5,000.