Nasdaq (Briefly) Tops 10,000 As Big Tech Rallies Back To ATHs (Comic) By


By Jesse Cohen – Stocks rallied on Friday in as Wall Street clawed back some of the sharp losses from the previous session.

The major averages, however, suffered their worst week since March as traders grew nervous of a resurgence in Covid-19 cases.

Despite that, the has managed to rally nearly 45% from an intraday low set on March 23.

The tech-heavy index set a new all-time high above the 10,000-level on Wednesday.

The Nasdaq’s upbeat performance has come on the back of strong gains in many of the big-name tech-related shares, most notably Apple (NASDAQ:), Microsoft (NASDAQ:), Amazon (NASDAQ:), and Facebook (NASDAQ:).

The combined market value of the four companies is close to $5 trillion, with Apple claiming the top spot at $1.47 trillion, followed by Microsoft at $1.42 trillion and Amazon at $1.27 trillion.

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