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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
Add BT as a preferred sourcePublished Fri, Mar 6, 2015 · 09:50 PM
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.
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