10th March 2000: The NASDAQ index peaks at the height of the dot-com bubble

The economic bubble that is also referred to as the ‘dot-com boom’ was the result of investors speculatively pouring money into the numerous internet companies that were founded in the mid- to late-1990s. The exponential growth witnessed by the stock market was primarily based on overconfidence in new online businesses, many of which had a ‘.com’ suffix. A large number of these companies raised enormous funds by selling shares in initial public offerings, despite the fact that some of them ha...