TECH - Nasdaq 100 Hits Record High Set For Best Annual Performance Since 1999 Tech Boom | Benzinga
The Nasdaq 100 Index surged to an unprecedented high of 16,772.71 at the market open on Tuesday, eclipsing the previous record of 16,764 established on November 22, 2021.
This surge represents a 53% year-to-date (YTD) increase for the U.S. tech stock index, mirroring the entire annual return of 2009. The Nasdaq 100 hasn’t experienced a surge greater than these two instances since 1999, when it achieved a remarkable 102% full-year performance.
The tech-heavy index is closely tracked by the popular Invesco QQQ Trust ETF (NYSE:QQQ), the world’s largest exchange-traded fund tracking the U.S. tech sector. The QQQ also recorded a new ...