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
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, 2000, in what turned out to be the height of the technology bubble, bears little resemblance to today's Nasdaq index.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Shares ease after Federal Reserve decision, mixed earnings
US: Tech shares lead stocks higher
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Japan’s Sumitomo Corp net profit down 32% on Madagascar one-off loss
Hong Kong regulator brings insider trading charges against Segantii and its founder
Asia markets mixed after Fed leaves rates unchanged; STI rises 0.1%