Scalper1 News
On March 10, 2000, the song “Bye Bye Bye” by boy band NSYNC was a top 10 single on the pop music charts. It was also the day the Nasdaq Composite index hit an all-time high of 5132.50 and investor sentiment turned from buy buy buy to sell sell sell. The decline from that peak signaled the start of the dot-com bubble burst. The index lost half its value within a year and hit bottom on Oct. 10, 2002, at 1108.40. On Monday, the Nasdaq Composite crossed 5000 for the first time since the dot-com crash nearly 15 years ago. The current uptrend has been helped by companies that weren’t public that last time the Nasdaq was above 5000, including Google (GOOGL) and Facebook (FB). Also boosting the Nasdaq is Apple (AAPL), which was just a struggling maker of Mac computers during the dot-com era…. Scalper1 News
Scalper1 News