Tuesday, April 25, 2017

#TrumpSpring: Nasdaq surges past 6,000 and a new record

Trump Spring is here. And it's yuge.

From CBS News:
The Nasdaq Composite topped the 6,000 mark in Tuesday morning trading, setting a new record, amid strong earnings reports and relief on Wall Street that France seems likely to elect a moderate president.

The tech-heavy Nasdaq ended Tuesday with a 0.7 percent rise, up 42 points as part of a broad market rally that has pushed up stocks for the Dow Jones industrial average and the Standard & Poor’s index as well. Fueling the Nasdaq’s rise were moves by tech giant Apple (APPL), which advanced 0.6 percent, and biotech company Biogen (BIIB), up 3.6 percent. Biogen reported solid earnings for 2017’s first quarter, with the help of a new drug that combats a rare infant disease.

On a tear, the Nasdaq is up nearly 12 percent this year and nearly 23 percent over the past 12 months.That beats the Dow (6.3 percent in 2017 and 16.6 percent over 12 months) and the S&P 500 (6.7 percent and 4.2 percent).

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