US stocks hit fresh highs as Nasdaq passes 5,000

Natalie Kenway
clock

US stock markets followed in the footsteps of the FTSE 100 on Monday, with the Nasdaq reaching its highest level for almost 15 years.

The Dow Jones and S&P 500 soared above previous record levels, buoyed by better US economic figures in the service sector and M&A activity. The Dow Jones index gained 0.9% to reach 18,288 while the S&P 500 rose 0.6% to 2,117. Both indices have posted multiple all-time highs over the past few months. More significantly, the technology-dominated Nasdaq index also climbed 0.9% points to 5,008, marking the first time since 10 March 2000 it closed above 5,000. Visa was the leading stock on the Dow Jones yesterday, gaining 2.5%, followed by Intel (+2.4%) and Bowing (+2%). Investors we...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot