Nasdaq closes above 5,000 for first time in 15 years


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.
[fortune-brightcove videoid=4082692901001]

The index first closed above 5,000 on March…

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