Nasdaq Composite Index Closes Above 4000 for First Time in 13 Years
With help from strong data on the housing market, the Nasdaq Composite Index closed above 4000 for the first time in 13 years.
The Nasdaq index's year-to-date gain of more than 33% is far outpacing the Dow Jones Industrial Average's rise of 23% and the 27% rally in the S&P 500. Fueling the Nasdaq's rally is a hunt by investors to find faster-growing companies in an economy that has yet to show a sustained acceleration.
Source: The Wall Street Journal