The Nasdaq Composite Index closed above 4000 for the first time in 13 years, the latest milestone in a 2013 stock rally fueled by easy money from the Fed and robust investor demand for a broader swath of fast-expanding companies.
A rise of 23.18 points Tuesday to 4017.75 put the index up 33% for the year. It remains more than 1000 points below its record close of 5048.62 on March 10, 2000.
Coinbase Listing The Last Crypto Milestone Gary Gensler Won’t Get To Weigh In On
Yesterday marks the divide between the cryptopast and the cryptofuture, possibly in more ways than one.
Running Exchanges Is Too Hard, Exchange Chiefs Say
U.S. exchanges have become a handful to handle. It seems that all of the order types they've instituted over the years to keep customers and regulators happy may have had the opposite result. But it's not Elizabeth Warren or Bernie Sanders or some other Capitol Hill communist levying these charges. It's the exchanges themselves. And rather than doing something about the things they've done to make themselves "overly complex and opaque" at the expense of ordinary investors, they'd prefer to have Congress make them do something.