The Nasdaq Breaks Out to 14-Year High

The stock market is drifting higher in early trading on Tuesday morning. Yesterday, the Nasdaq Composite closed over 4,500 for the first time in more than 14 years. The last time the Nazz closed this high was March 31, 2000, just three weeks after the peak. The Nasdaq is up again today and has been as high as 4,519 this morning.

It’s interesting to note that the stock market made a new high on July 3, then pulled back and rallied to a new high on July 24. However, that’s not the case for the small-cap Russell 2000. That index made a new high on March 4 (1,208.65), then came just shy of that on July 3 (1,208.15), and well short on July 24 (1,158.11). In other words, the rally has become narrower.

Posted by on August 19th, 2014 at 10:11 am


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