Which stock-market crash followed the 2000 bursting of the dot-com bubble?

The dot-com crash followed the bursting of the technology-stock bubble that peaked around 2000.

The Nasdaq Composite reached 5,048.62 on March 10, 2000, after years of enthusiasm for internet and technology companies. Many firms had little revenue or no profits, yet investors assigned them extraordinary valuations. When confidence changed, technology shares fell sharply.

The Nasdaq had lost about 78% of its value from its peak by October 2002. Numerous internet companies failed, while surviving businesses faced tighter financing and reduced investment. The crash also contributed to a broader U.S. economic slowdown, although the later recession had multiple causes.

The dot-com crash is not identical to the 2008 housing and credit crash. The earlier episode centered on equity valuations and technology speculation; the later crisis centered on mortgages, banks, and complex credit products. Some companies founded during the bubble, including Amazon, survived and eventually became major firms.