There are a number of solid reasons why analysts believe the Nasdaq is not in record territory, beyond the fact that, on an inflation-adjusted basis, Nasdaq (IXIC) would have to break through the 7,000 level to be at record levels and to beat its March 2000 historic high of 5,048, using 2.2% annualized inflation. Burt Read More
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Reuters/Carlo Allegri The Nasdaq index is trading very close to its 5,000 milestone. When this last happened in 2000, the composite index came tumbling right back to almost 1,000 as stocks and valuations crashed when the dotcom bubble burst. But is it different this time? In a note Friday, Gluskin Sheff’s David Read More
Flickr / Cars Crushed By Hail Stocks got smoked, the dollar surged, and bond yields hit year-to-date highs after the latest jobs report showed the unemployment rate in February fell to the lowest in nearly seven years. First, the scoreboard: Dow: 17,856.8, -278.9, (-1.5%) S&P 500: 2,071.3, -29.8, (-1.4%) Nasdaq: 4,9276.4, -55.5, Read More
As bubble talk brews following the Nasdaq (NASDAQ: .IXIC)‘s climb above 5,000, the head of the electronic exchange said this time is different-and the milestone is much more than just a nice round number. According to Nasdaq CEO Bob Greifeld, the benchmark’s climb to a 15-year peak represents the maturity of the “new economy” first Read More
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks retreated on Friday, with the S&P 500 poised for its second straight weekly drop, as a strong monthly jobs report cemented expectations for an interest rate hike by the U.S. Federal Reserve this year and possibly sooner than anticipated. Nonfarm payrolls rose 295,000 last month, topping Read More
This is a breaking news story. Please check back for updates. On Wednesday, billionaire investor Mark Cuban wrote a blog post claiming that today’s private equity-driven technology bubble is worse than the one that burst 15 years ago. “Back then the companies the general public was investing in were public companies. They may have been Read More
Look for some big technology stocks to pop despite losing ground on Tuesday, CNBC “Fast Money” traders said. The tech-heavy Nasdaq (NASDAQ: .IXIC) shed about 28 points a day after closing above the psychologically important 5,000 level for the first time in 15 years. “Fast Money” traders saw buying opportunities after the sector’s sluggish day. Read More
Stocks are retreating today from the highs that brought the Nasdaq Composite (^IXIC) above 5000 for the first time in fifteen years yesterday. Still, Yahoo Finance Senior Columnist Michael Santoli doesn’t think today’s action has as much to do with selling at Nasdaq 5000 as many pundits would have you believe. “All the indexes had Read More
With a fast and furious finish, yesterday, March 2nd, the Nasdaq Composite (IXIC) closed at 5,008.10, marking the third day in history with a close above 5,000. Since 95% of US publicly traded biotech companies are listed on the Nasdaq exchange, the team at BIO couldn’t help but join the excitement. Back in 2000, the Read More
Wall Street is sounding more like a lamb this morning after March came in like a lion. Stocks are backing away from record highs after the Nasdaq (^IXIC) reclaimed the 5,000 mark for the first time in 15-years and the Dow (^DJI) and S&P 500 (^GSPC) climbed to new highs on Monday. Yahoo Finance Senior Read More