Which technology-heavy index peaked on March 10, 2000, at the height of the dot-com bubble?

The Nasdaq Composite peaked on March 10, 2000, at the height of the dot-com bubble.

The index closed at 5,048.62 on that date after years of enthusiasm for internet and technology companies. Investors frequently valued businesses according to user growth, website traffic, or future possibilities rather than current profits. Many newly listed firms attracted substantial speculative buying.

After the peak, the Nasdaq Composite began a prolonged collapse. By October 2002, it had fallen roughly 78% from its high. The decline damaged technology companies, venture capital portfolios, and household investors, while many internet businesses failed or were acquired.

The Nasdaq Composite includes thousands of common equities listed on the Nasdaq stock market and is heavily associated with technology because of the exchange’s company mix. It is not the same as the Nasdaq-100, which tracks 100 large non-financial Nasdaq-listed companies. The bubble’s collapse is commonly called the dot-com crash.