The Nasdaq Breaks 9,000

For the first time in history, the Nasdaq Composite broke 9,000 this morning. For some context, the index last closed below 900 on June 14, 1995, and it last closed below 90 on November 19, 1976.

The S&P 500 is also at an all-time high this morning. Mastercard said that e-commerce sales rose 18.8% over last year. Overall holiday retail sales, excluding autos, rose 3.4%.

This morning’s jobless claims reports fell by 13,000 to 222,000. Wall Street had been expecting 222,000. That’s a pretty good report.

Posted by on December 26th, 2019 at 12:55 pm


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