NASDAQ-AMEX: Nasdaq Composite Index breaks 3000 >T.

0 Comments | M2 Presswire, November, 1999

M2 PRESSWIRE-8 November 1999-NASDAQ-AMEX: Nasdaq Composite Index breaks 3000 (C)1994-99 M2 COMMUNICATIONS LTD RDATE:031199 Washington, DC -- The Nasdaq Composite Index today shattered the 3000 point mark for the first time in its 28-year history. The Index closed at 3027.84, up 46.21 for the day.

For the year, the Nasdaq Composite has risen 38 percent, compared with a 15.5 percent gain for the Dow Jones Industrial Average and a 10.23 percent advance for the Standard & Poor's 500 Index. Compared with the same date ten years ago, the Nasdaq Composite Index has soared 568.4 percent. During that same period, the Dow Jones Industrial Average gained 303.5 percent, while the Standard & Poor's 500 Index rose 301.3. Trading of Nasdaq shares was very heavy, with...