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Nasdaq Composite Index Reaches 5000 for First Time Since 2000
U.S. stocks rose, sending the Nasdaq Composite Index above 5,000 for the first time in 15 years, while Treasuries slumped and the dollar strengthened as gains in consumer purchases signaled strength in the biggest part of the economy. The Standard & Poor’s 500 Index climbed 0.5 percent at 11:35 a.m. in New York, led by consumer-discretionary companies. The Nasdaq Composite rallied 0.8 percent to 5,000.57. The Stoxx Europe 600 Index retreated 0.2 percent. The yield on 10-year Treasuries rose eight basis points to 2.07 percent. The Bloomberg Dollar Spot Index added 0.3 percent, while oil in New York climbed 1.5 ... (full story)