Which U.S. stock-market crash followed the 2000 peak of the Nasdaq Composite?

The Dot-com crash followed the 2000 peak of the Nasdaq Composite.

The Nasdaq Composite reached an intraday high of 5,132.52 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 very high valuations based on expectations of future growth.

When confidence changed, technology shares fell rapidly. The Nasdaq lost roughly 78 percent of its value from the March 2000 peak to its October 2002 low. The collapse damaged investors and businesses, although the internet itself continued to expand and later supported highly successful companies.

The Dot-com crash is distinct from the 2010 Flash Crash, which unfolded within minutes, and from the 1987 Black Monday crash, which was a one-day global shock. The dot-com episode was a prolonged unwinding of technology-stock valuations.