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Stocks Rise for Eighth Straight Week
The major stock indexes continued their positive run last week, although gains were slight except for small company stocks which advanced over 1%. Wall Street observers don’t see a retrenchment of any significance this month.
The NASDAQ Index has been on a tear recently, but in contrast to the other widely-followed stock indexes there’s nary a comment about the NASDAQ reaching all-time highs. That’s because the index will still have to rise another 25% to reach its previous all-time high attained in early 2000. That was the peak of the “dot com” stock boom.