We've noted all the record highs that the S&P 500 index and Dow Jones industrial average have been notching lately. America's third major stock index, the Nasdaq, hasn't reached those heights, though. That's largely because the tech-heavy Nasdaq was so ridiculously overvauled during the dot-com bubble. It set an all-time high of 5,132 on March 10, 2000, then tumbled to a low of 1,108 on October 10, 2002 - losing nearly 80 percent of its value.
The Nasdaq is up more than 300 percent since hitting bottom back in 2002. During the current bull market run that began in March 2009, it's up by more than 250 percent. But it's still not back to those 2000 levels.
They're finally getting within reach, though. The Nasdaq is now just 12.5 percent away from its dot-com bubble closing high. Just since April, the Nasdaq is up 13.7 percent, so we're basically one more rally away from a new record.
No comments:
Post a Comment