The Nasdaq composite index broke through 3,000 on Wednesday for the first time since the collapse in dot-com stocks more than a decade ago marking the best February on Wall Street in 14 years.
The milestone for the Nasdaq, heavy with technology stocks, came a day after the Dow Jones industrial average closed above 13,000 for the first time since May 2008.
Don’t forget the positive impact this Wall Street rise has for regular Americans whose wealth is often determined by their stock-based 401K retirement plans.
(READ the AP story in the LA Times)