Nasdaq hits record high, smashes dotcom record

April 24, 2015 6:11 AM

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The Nasdaq Composite Index broke through its 15-year-old record on Thursday. Higher oil prices and solid earnings reports contributed to the rise.

The index gained 0.42 percent, or just over 20 points on Thursday, to close at an all-time high of 5,056. It means the Nasdaq has now made up the nearly 4,000 points it lost after its previous high during the height of the dotcom boom on March 10, 2000.

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