The Nasdaq stock index reached 5000 yesterday, for only the third time in its history. The first time was on March 9, 2000, in the midst of the high-tech boom; the second time was the very next day, when it closed at an all-time high of 5048. Yesterday, finally, it reached 5000 for a third time, nearly 15 years later.
The S&P 500 and the Dow Jones average both created all-time highs in early 2000 as well, but they have beaten those records several times since. Both of those indexes were back to new records in 2007, before the Great Recession took hold.
The Nasdaq never made it that high again, not for 15 long years. That's not quite a record span between highs for a stock index; the Dow and S&P each took 25 years to regain the heights of the 1929 boom that ended on Black Friday on October of that year. But 15 years is still a long time.
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