The Nasdaq Composite Index is rallying on Friday, capping a curious week for the technology laden index that places it a mere 2.4% from its all-time high set on Jan. 26. The Nasdaq Composite COMP, +1.63% most recently, was up 116 points, or 1.2%, at 7,326.69, putting it 180 points or 2.4% shy of its record at 7,505.77. That represents a roughly 8.1% gain over 10 trading sessions for the benchmark, which is viewed as a proxy for risk appetite on Wall Street, since it tumbled into correction territory on Feb. 8, along with the Dow Jones Industrial Average DJIA, +1.20% and the S&P 500 index SPX, +1.47% A correction is typically defined as a drop of at least 10% from a recent drop. The Dow and S&P 500 also were recovering sharply, but the Nasdaq has been outperforming both of its peers, even after marking a four-day losing stretch on Thursday--its longest skid since Nov. 4, 2016.
Read Again The Nasdaq now stands just about 2.4% from its January record after this month's tumble : http://ift.tt/2ChDizdBagikan Berita Ini
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