Crash-Era Ending in Nasdaq as Index Passes 15-Year Closing High
This article is for subscribers only.
Advances in EBay Inc. and Microsoft Inc. propelled the Nasdaq Composite Index past its all-time closing high, leaving the gauge at the brink of a record for the first time since the dot-com crash in 2000.
The Nasdaq advanced for a fourth day, rising 0.5 percent to 5,064.18 at 3:25 p.m. in New York to bring its 2015 gain to 6.8 percent. The measure has almost quadrupled since global equity markets bottomed in March 2009, paced by gains in tech giants from Apple Inc. to Google Inc.