Nasdaq Hits 9,000 for First Time Ever – IOTW Report

Nasdaq Hits 9,000 for First Time Ever

Dec. 26 (UPI) — U.S. stocks surged higher Thursday as a year-end rally stoked by bullish economic news pushed the Nasdaq Composite index to 9,000 for the first time in its history.

The S&P 500 also posted a fresh all-time high at 3,235.46 in late morning trading while the Dow Jones Industrial Average rose about 77 points, reaching a peak of 28,596.22 before leveling off.

The rally has been gathering momentum as the year draws to a close and was pushed along Thursday on news that retail sales for the just concluded holiday season were 3.4 percent higher than 2018, including record online sales, which were up nearly 20 percent.

The late-year bull market has seen the S&P 500 rise by 2.9 percent in December and by 29 percent for the year, putting it on the verge of posting best annual performance since 1997. more

5 Comments on Nasdaq Hits 9,000 for First Time Ever

  1. That’s strange, normally I see the big investors dump everything at the end of the year and flee town with bags of inflated profits on the sale of bubbled assets.
    Only to return after the new year to buy back in to the market they crashed at much more realistic prices.
    Oh well, I suppose they still have a couple days left to do that…

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