A swift uptick in stock prices Monday morning drove the Nasdaq composite above the 5,000-point mark — a level it hadn’t crossed in almost 15 years.
The tech-heavy index, which has been rising steadily over the past month and gained nearly 45 points Monday, is currently at a level it has not seen since just before the dot-com bubble burst.
The Nasdaq gained a whopping 328 points in the month of February, which was good for a 7% improvement. That followed a down month overall for the U.S. market in January, when the Nasdaq lost almost 100 points, or 2.1%. Both the Dow Jones Industrial Average and S&P 500 fell by more than 3% each in January as falling oil prices and economic uncertainty in Europe weighed down the broader market in the first month of the year.
The index first closed above 5,000 on March…
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