Wall Street Rally Continues To New Heights

The Nasdaq composite closed above 5,000 for the first time since its dot-com era peak nearly 15 years ago after merger news and an encouraging economic report helped push U.S. stocks broadly higher on Monday. The major indexes rose from the start, with the Nasdaq closing at 5,008.10, just 40 points from its March 2000 record.

Investors cheered a report from the government showing household incomes rose in January, though they spent less than a month earlier. Consumer discretionary stocks rose 1.2 percent on the news, the most of the 10 industry sectors of the Standard and Poor’s 500 index.

ABC’s Scott Goldberg joined us from New York Tuesday morning to discuss.

Your Wake Up Call airs every weekday from 6-9 a.m. on AM 820 News in Tampa and 1190 News in Orlando.

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News Talk Florida Staff