Nasdaq striked an all-time high at 10,000 for the first time

On Tuesday, the Nasdaq Composite index briefly crossed 10,000 for the first time ever hitting a major high. The index surged by 0.7 percent to an intra-day high to stand at 10,002.05 level which is a crucial level for the index.

As reported by Business Insider, this year Nasdaq has led key US indexes to recover from the market meltdown caused by COVID-19 pandemic. Further, it is also the first to erase losses year-to-date and also first to beat its February high, the report said.

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The Nasdaq Composite index closed 0.29 percent higher in the market session on Tuesday. Moreover, it closed high for its seventh straight day and gained a new closing high. In the trading session, the Nasdaq gains were mainly led by tech shares with major companies hitting all-time highs.

The shares of companies such as Apple and Amazon rallied towards new highs. Apple shares surged as much as 4 percent, whereas Amazon stocks hit a high by 3 percent. According to CNBC, the Nasdaq index recovered 50.1 percent from its 52-week low of 6,631.

The shares of other companies also performed positively in Tuesday’s session. Facebook and Netflix gained 3 percent and 2.4 percent, respectively.