the republic logo

Nasdaq composite index closes above 5,000 for the first time in 15 years, still shy of record

bug
Share/Save/Bookmark

NEW YORK — The Nasdaq composite index is closing above 5,000 for the first time since the dot-com bubble peaked 15 years ago.

The index, which is heavily focused on technology companies, gained 44 points, or 0.9 percent, to 5,008 Monday.

PHOTO: Electronic screens reflect the value of the Nasdaq Composite at the Nasdaq MarketSite, Monday, March 2, 2015 in New York. After fifteen long years, the Nasdaq is close to topping its record from the dot-com frenzy. (AP Photo/Mark Lennihan)
Electronic screens reflect the value of the Nasdaq Composite at the Nasdaq MarketSite, Monday, March 2, 2015 in New York. After fifteen long years, the Nasdaq is close to topping its record from the dot-com frenzy. (AP Photo/Mark Lennihan)

It was only the third time the index has closed above 5,000 in its 44-year history. The other two were March 10, 2000, when it closed at a record high of 5,048, and the day before.

A lot has changed since the dot-com era, when Internet IPOs and other tech companies soared in value, only to collapse later. The Nasdaq fell to 1,114 in October 2002.

The Dow Jones industrial average rose 155, or 0.9 percent, to 18,288. The Standard & Poor's 500 index rose 12 points, or 0.6 percent, to 2,117.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.