Nasdaq Closes Above 5,000 for the First Time in 15 Years


TIME

The last time the tech-laden Nasdaq stock closed above 5,000, Bill Clinton occupied the White House, America Online had agreed to buy Time Warner for $165 billion and beloved “Peanuts” cartoonist Charles Schulz had died in his sleep.

The index closed slightly above that level on Monday, unofficially ending Monday at 5,008.10, up 44.57 or nearly 1 percent, as investors celebrated an interest rate cut in China and upbeat economic data. The Dow Jones Industrial Average and the S&P 500 also advanced.

The Nasdaq Composite last hit 5,000 during the tech bubble peak in March 2000. The index tumbled in the months following to land at 1,108.49 in October 2002…

Read the rest of the story from our partners at NBC News

View original post

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s