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A changed Nasdaq climbs back to 5,000

The index itself had been transformed by innovation and competition to hit its previous peak 15 years ago

POWER OF CAPITALISM: The Nasdaq Marketsite digital monitor wall seen in New York on Monday. The Nasdaq moved above the 5,000 mark for the first time in 15 years on that day.

New York

THAT the Nasdaq composite index closed over 5,000 this week for the first time in 15 years is not just a reminder of the virtues of patience. It's even more a testament to the transformative power of capitalism.

The Nasdaq composite that peaked at 5,048.62 on March 10,