Article source: ConstructConnect
As shown in Graphs 1, 2 and 3, the most widely known and discussed U.S. stock market indices – Dow Jones Industrial (DJI), S&P 500 and NASDAQ – all set new record highs in July.
On a year-over-year basis, the DJI at the close of last month was +18.8%; the S&P 500 was +13.6%; and NASDAQ especially stood out with a gain of +23.0%.
Just as remarkable have been the improvements in those three indices relative to their prior peaks.
Since its previous summit in October 2007 (13,930), the DJI is +57.2%.
Since October 2007 (1,549), the S&P 500 is +59.5%.
Also since October 2007 (2,859), when it managed a mini-peak, NASDAQ is presently +122.0%. NASDAQ is even up substantially (+35.2%) relative to its ‘Mt. Everest’ of peaks in February 2000 (4,696), when the ‘dot.com boom’ was in full swing.
