Nasdaq Joins the Party, Flirts With 2000 Highs
Don't look now, but the Nasdaq Composite Index is approaching a 12-year closing high, flirting with the frothy levels it last visited at the end of the dot-com bubble.
If the technology-heavy index closes above 3,183.95 — its Sept. 14 peak — that would represent its highest level since Nov. 9, 2000.
Though it may be hard to believe given its recent struggles, Apple is one of the top performing stocks in the Nasdaq 100. Since Nov. 9, 2000, the tech giant's shares have skyrocketed by an astounding 4,595 percent.
Even as the Nasdaq Composite flirts with returning to levels not seen since late 2000, however, the index remains 37 percent below the all-time closing high set on March 10, 2000.