Nasdaq finally surpasses 2000 dotcom bubble peak

Anna Fedorova

The US Nasdaq index has closed above its dotcom boom record for the first time in 15 years.

Six years into a bull market for US stocks, the technology index closed at 5,056 overnight, beating its previous March 2000 peak of 5,049. The index remains short of its intra-day peak of 5,132, however. The recent boom in the index has been spurred by investors' demand for technology stocks, as they look for innovative companies with cash-rich balance sheets. Since October, the Nasdaq index has gained more than 20%, beating the broader S&P 500 index, which is up around 14% over the period. Thursday's 0.4% rise again outstripped the S&P's 0.2% move. In the 15 years since the ...

To continue reading this article...

Join Investment Week

  • 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


More on US

Without accounting for food and fuel costs, prices jumped by 5.9% through July, matching the previous reading.

US inflation cools to 8.5% in July

Slowdown due to lower fuel prices

clock 10 August 2022 • 3 min read
European-focused investment grade and high yield credit have highest inflows since April 2020.

Fixed income dominates ETF flows in July

Accounted for $32.5bn

clock 08 August 2022 • 2 min read
Fed chair Jerome Powell

Fed makes further 75 basis points hike in bid to tame inflation

Rates have reached 2.25%

clock 28 July 2022 • 2 min read