Nasdaq closes above 5,000 for the first time since dot-com bubble collapse

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The Nasdaq closed at 5,008.1 on Monday, the first time in 15 years it surpassed 5,000

The index, which is heavily focused on technology companies, gained 44 points, or 0.9%, on Monday

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It was only the third time the index has closed above 5,000 in its 44-year history. The other two were on March 10, 2000, when it closed at a record high of 5,048, and the day before.

A lot has changed since the dot-com era, when Internet IPOs and other tech companies soared in value, only to collapse later. The Nasdaq fell to 1,114 in October 2002. Read more...

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