The New York Stock Exchange’s Nasdaq Index has risen to 15,000 for the first time in its history. It has been half a year since the 14,000 mark was crossed on February 9.
The New York Stock Exchange’s Nasdaq index closed at 15,019.80, up 77.15 points (0.52 percent) from the previous day.
The Dow Jones 30 industrial average rose 30.55 points (0.09 percent) to 35,366.26, and the Standard & Poor’s 500 rose 6.70 points (0.15 percent) to 4486.23.
The S&P500 index is also the highest closing in history. The S&P 500 hit its 50th high this year, breaking the record almost every three trading days.
While the FDA’s first official approval of Pfizer’s new COVID-19 vaccine on the previous day has been insane for two days, China’s “Big Tech” stock price soared altogether.
On the same day, Pindu Dugi jumped 22.3%, Tencent Music jumped 12.8%, Jingdong Dotcom jumped 9.5%, and Baidu jumped 8.6%, respectively.
Meanwhile, according to Reuters on the 24th (local time), Christopher Harvey, an analyst at Wells Fargo, predicted that the New York Stock Exchange’s flagship Standard & Poor’s 500 will rise by an additional 8% by the end of this year. According to the forecast, the S&P500 will jump 28 percent this year.
Harvey Wells Fargo, an analyst, said, “S&P500’s target share price has been raised to 4825 and S&P500’s net earnings per share has increased by 21% and there is no sign of a slowdown.”
According to financial information company Refinitiv, 87 percent of S&P500 companies performed better than expected in the second quarter, the highest percentage ever.
The S&P500 index has more than doubled since its Pandemic low in March last year. So far this year, the S&P500 has risen by 19 percent. On Monday, the S&P500 hit an all-time high with the Nasdaq. This is the 50th time the company has changed its reporting point this year alone.