Nasdaq finally surpasses 2000 dotcom bubble peak

The US Nasdaq index has closed above its dotcom boom record for the first time in 15 years.

Six years into a bull market for US stocks, the technology index closed at 5,056 overnight, beating its previous March 2000 peak of 5,049. The index remains short of its intra-day peak of 5,132, however. The recent boom in the index has been spurred by investors' demand for technology stocks, as they look for innovative companies with cash-rich balance sheets. Since October, the Nasdaq index has gained more than 20%, beating the broader S&P 500 index, which is up around 14% over the period. Thursday's 0.4% rise again outstripped the S&P's 0.2% move. In the 15 years since the ...