Technology stocks had their best start to a year in more than two decades, but that could actually be an ominous signal. The Nasdaq Composite Index (COMP) rose 10.7% in the first month of 2023, its best January performance since a 12.2% gain in 2001, according to Dow Jones Market Data. In case you don’t remember what was happening in 2001, it became known as the dot-com bust. Read More...
MarketWatch
Nasdaq logs best January since 2001 as stocks climb to cap off stellar month
U.S. stocks finished in the green on Tuesday as the Nasdaq cemented its best January performance since 2001 amid a broad-based rally in equities that saw some of 2022’s worst performers take the lead. The S&P 500 (SPX) gained 58.83 points, or about 1.5%, to finish January at 4,076.60, a gain of 6.2% for the month, according to Dow Jones Market Data. The Nasdaq Composite (COMP) rose by 190.74 points, or 1.7%, to 11,584.55 on Tuesday, bringing its gain for January to 10.7%.
