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New highs spur investor euphoria
Tech stocks are reasserting leadership after a selloff in November proved brief; after a 30 per cent rally, the Nasdaq has made 72 fresh highs
Add BT as a preferred sourcePublished Tue, Dec 19, 2017 · 09:50 PM
New York
FOR a bull market whose hallmark emotion for nine years has been nagging doubt, this one is starting to breed believers.
Little by little, resistance is falling, as milestones such as 7,000 on the Nasdaq Composite Index are passed and new ones like 2,700 on the S&P 500 and 25,000 on the Dow Jones Industrial Average come into view.
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