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Nasdaq hits 9,000 for the first time ever in post-Christmas climb for the stock market
The Nasdaq Composite Index rallied above the psychologically significant level at 9,000 midday Thursday, with gains for the technology-heavy index coming in the first trading day after Christmas. The Nasdaq was most recently trading at 8,997, up 0.5%, but recently hit an intraday peak at 9,000.10, marking a powerful move for the index in 2019. The Nasdaq has gained more than 35% so far this year, outstripping its benchmark peers. The Dow Jones Industrial Average has gained more than 22% so far this year and the S&P 500 index has rallied by 29% over the same period. Gains for stocks have come amid a more accommodative Federal Reserve, which has cut rates three times in succession in 2019 and a Sino-American trade war, which is seen progressing toward a partial resolution.
https://finance.yahoo.com/m/183d616...15c9/nasdaq-hits-9,000-for-the.html?.tsrc=rss
The Nasdaq Composite Index rallied above the psychologically significant level at 9,000 midday Thursday, with gains for the technology-heavy index coming in the first trading day after Christmas. The Nasdaq was most recently trading at 8,997, up 0.5%, but recently hit an intraday peak at 9,000.10, marking a powerful move for the index in 2019. The Nasdaq has gained more than 35% so far this year, outstripping its benchmark peers. The Dow Jones Industrial Average has gained more than 22% so far this year and the S&P 500 index has rallied by 29% over the same period. Gains for stocks have come amid a more accommodative Federal Reserve, which has cut rates three times in succession in 2019 and a Sino-American trade war, which is seen progressing toward a partial resolution.
https://finance.yahoo.com/m/183d616...15c9/nasdaq-hits-9,000-for-the.html?.tsrc=rss
