The Nasdaq breached the 6,000 mark for the first time ever on Tuesday, spurred by a raft of strong corporate earnings and President Donald Trump’s promise of a major tax reform plan.
The tech-heavy Nasdaq rose as much as 0.4 percent to hit a record level of 6,007.72 helped by gains in Biogen and Apple.
The index first breached the 5,000 mark on March 7, 2000 and closed above that level two days later during the height of the tech boom. Biogen’s shares jumped more than 4 percent after the biotech company reported better-than-expected quarterly profit and revenue on Tuesday.
At 9:36 a.m. ET, the Dow Jones Industrial Average was up 184.02 points, or 0.89 percent, at 20,947.91, the S&P 500 was up 9.71 points, or 0.41 percent, at 2,383.86 and the Nasdaq Composite was up 22.27 points, or 0.37 percent, at 6,006.09.
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