Which stock market reached its historic peak on March 10, 2000, before the dot-com crash?

The Nasdaq Composite reached its historic peak on March 10, 2000, before the dot-com crash.

The index closed at 5,048.62 that day, after years of enthusiasm for internet and technology companies. Many businesses attracted investment despite having little revenue, large losses, or untested business models. When confidence weakened, technology shares fell rapidly and the decline spread through the wider market.

The Nasdaq Composite was especially exposed because it contained many technology and growth companies. Its fall became the most recognizable market measure of the dot-com bubble’s collapse. The downturn was not a single trading-day event; it unfolded over several years, with the index eventually losing roughly 78% of its value from its peak to its 2002 low.

The March 10 date is sometimes confused with the later trough. The peak came in 2000, while the Nasdaq’s major bear-market low occurred in October 2002.