Stocks ‘Party Like It’s 2000’ During Record Highs
Published at
iStock/Thinkstock(NEW YORK) — The Dow Jones Industrial Average and the S&P 500 are trading to new record highs, and the tech-heavy NASDAQ is “partying like it’s 2000.” The NASDAQ broke through 5,000 Monday morning for the first time in 15 years, since the height of the tech bubble in March 2000.
Many stocks hit new all-time-highs Monday morning including: Disney, Apple and Starbucks. The Walt Disney Company is the parent of ABC News.
One stock not enjoying Monday’s run: Lumber Liquidators. After a damning 60 Minutes report Sunday night, the stock was down 25 percent before markets opened for the week and is now halted with news pending.
Last Wednesday, the stock cratered 26 percent when CEO Robert Lynch mentioned in the Lumber Liquidators earnings conference call that the 60 Minutes report was coming, as well as the possibility of a criminal charges from the Department of Justice.
Follow @ABCNewsRadio
Copyright © 2015, ABC Radio. All rights reserved.