• BREAKING NEWS Death toll from Nepal earthquake reaches at least 1,180

Nasdaq closes at record high of 5,056, beating dot-com mark

The Nasdaq composite has closed at a record high for the first time since the dot-com bubble of 2000.

The index gained 20 points, or 0.4 percent, to close at 5,056 Thursday, beating its previous high by eight points.

The Dow Jones industrial average rose 20 points, or 0.1 percent, to 18,058.

The Standard & Poor's 500 rose four points, or 0.2 percent, to close at 2,112, just below its own record from last month.

The Nasdaq tracks all stocks listed on the Nasdaq Stock Market, a rival to the New York Stock Exchange.

A lot has changed since the dot-com era, when the index was more heavily weighted with technology and telecom companies. These days, biotechnology and consumer services companies make up significant parts of the index.
Related Topics:
business wall street stocks business earnings u.s. & world financial markets bonds energy oil american express europe european central bank european union bailout budget New York
(Copyright ©2015 by The Associated Press. All Rights Reserved.)

Load Comments