Nasdaq, tech stocks shine brightest in stellar year

Article Abstract:

The Nasdaq composite index and technology stocks were the biggest winners of the 1999 stock market. The Nasdaq gained 85.6% from 1,877 points to 4069.31 points, the biggest gain by any major market index in the US. In 1999, investors could have made 1000% or more on tech stocks, which were the highest performing stocks at Nasdaq, Dow Jones and other major market indeces.

Strategy & planning

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Nasdaq 5000 a breaking point?

Article Abstract:

The Nasdaq securities exchange composite index is close to surpassing the 5000-point barrier yet some analysts are wondering if this milestone will represent the point at which investor interest in technology stocks will begin to wane. Nasdaq has passed its 5th 1000-point mark since roughly 1996 and investors continue to exhibit no sign of nervousness or fear in high tech stock investing. Many analysts opine that tech stocks will continue to attack investors despite any actions taken by the Federal Reserve System.

Financial analysis

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Nasdaq tumbles as Dow rumbles

Article Abstract:

The Nasdaq composite index fell by 349 points to 4224 as Dow Jones industrial average hit its sixth-biggest gain of 300 points to 11,222 on Apr 3, 2000. The Nasdaq drop resulted from the breakdown in Microsoft's settlement talks with the government which triggered panic selling across technology stocks. This occurred just as Dow Jones investors bought back into old-economy stocks which have been lagged for long while. However, despite the selling, the Nasdaq's price-to-earnings ratio is still 227 which is still considerably high.

Market information - general

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