Published on 27 May 2024 on Zacks via Yahoo Finance
The Nasdaq Composite is back in action after an astonishing rally in 2023. The tech-heavy index soared 43.4%, recording its best year since 2020. The index’s smooth rally suffered a setback in April. However, Nasdaq Composite has regained momentum in May.
Year to date, the Nasdaq Composite is up 14.6% compared with an 11.9% gain of the S&P 500 and 3.6% of the Dow. On May 23, the Nasdaq Composite recorded an all-time high of 16,996.39. The next day, the index posted an all-time closing high of 16,920.79.
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