Profit Tripling Sends Nasdaq Back to 5,000 After 15 Years
How Is Market Today Different From Market in 2000?
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The Nasdaq Composite Index jumped above 5,000 for the first time in 15 years, extending a rally founded on profits that have risen nearly 200 percent in six years.
Pushing higher for a fifth week, the gauge climbed 0.9 percent to 5,008.09 at 4 p.m. in New York, surpassing a level it has exceeded on only seven other days, all of them in March 2000. Nine straight quarters of gains led by a 70 percent surge in Apple Inc. have lifted the index within 1 percent of its all-time high of 5,048.62 reached March 10, 2000.