Fifteen years on, Nasdaq Composite hits new record high

America´s tech-heavy Nasdaq Composite hit a new all-time intraday high at 5,134.79 points following Wednesday evening´s slightly dovish outcome to the latest Federal Reserve policy meeting.

The previous record intraday high was reached on 10 March 2000, at 5,132.52.

The Nasdaq-100 was right behind, advancing 1.43% to reach 4,532.38, led by gains in shares of Vimpelco (5.78%), Regeneron Pharmaceuticals (3.53%) and Trip Advisor (3.61%).

Year-to-date the Composite was higher by 8.37% and by another 17.04% over the past twelve months.

Even as interest rates in the US do begin to rise financial conditions are set to remain “highly accomodative” at least for the next few years, analysts at Capital Economics wrote in a research note e-mailed to clients.

Those reasons are: policy in the Eurozone and Japan is set to remain loose, while in the UK rate hikes will be gradual; bond yields wil obnly edge higher in the US and UK; interest rates for economic agents will remain low even if bond yields rise further and the availability of credit should continue improving in most major economies.