Categories: U.S. Investing

Nasdaq closes above 4,000 for first time in 13 years

Nasdaq closes above 4,000 for first time in 13 years (Reuters)

The stock market made history again today wnen the Nasdaq composite index finished above 4,000 for the first time since 2000 and the Dow Jones Industrial Average kept rising to set a new record-high close. The Nasdaq Composite Index (IXIC) climbed 23.18 points, or 0.58 percent, to close at 4,017.75, with the Dow (DJI) adding 0.26 points to end trading at 16,072.80. The S&P 500 Index (SPX) advanced 0.28 point, or 0.02 percent, to 1,802.76. Yesterday, the Dow closed at another record high as it continues its ascent amid the Fed’s easy-money policies.

Paul Dykewicz

Paul Dykewicz is the editor of StockInvestor.com and the editorial director of Eagle Financial Publications in Washington, D.C. He writes and edits for the website, as well as edits investment newsletters, time-sensitive trading alerts and other reports published by Eagle. He also is an accomplished, award-winning journalist who has written for Dow Jones, USA Today and other publications, as well as served as business editor of a daily newspaper in Baltimore. In addition, Paul is the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain." He received his MBA in finance from Johns Hopkins University, where he was a two-time president of the school's Finance Club. In addition, Paul has a bachelor's degree from the University of Michigan and a master's degree in journalism from Michigan State University. Outside of work, Paul volunteers with a faith-based organization to assist the poor in Southeast Washington, D.C., to learn personal finance skills to lift themselves out of debt.