Nasdaq Surpasses 10,000 for the First Time Ever... MS and Apple Reach All-Time Highs

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] In the US New York stock market, the Nasdaq index, a hub for technology stocks, surpassed the 10,000 mark intraday for the first time ever. Continuing its recent strong performance, the Nasdaq was the only one among the three major New York stock indices to rise, maintaining its unstoppable momentum.

On the 9th (local time) in the New York stock market, the Nasdaq index was trading at 10,002.38, up 77.64 points (0.78%) around 1:45 PM. Although the gain narrowed somewhat to around the 9,990 level by 3:15 PM, the upward trend was maintained.

This is the first time since the index's inception in 1971 that the Nasdaq has surpassed 10,000.

Like other indices, the Nasdaq experienced a sharp decline in March due to the impact of the COVID-19 pandemic, but it has shown relatively strong performance compared to the Dow Jones Industrial Average and the S&P 500 because it is heavily composed of information technology companies that have benefited from COVID-19.

On this day as well, while the Dow showed weakness due to fatigue from six consecutive days of gains, the Nasdaq shook off early losses after the market opened and successfully reversed to an upward trend.

Apple rose 3.35% again, hitting a new all-time high. Microsoft also rose 1%, recording its own all-time high.

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