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Nasdaq is closing its longest bear market for nearly 30 years



The Nasdaq Composite Index, often used as a proxy for the health of technology and internet-related stocks, was on the verge of ending its longest bear market since 1991.

A finish on or above 7,431.50 for Nasdaq

COMP, + 0.18%

will mark a 20% increase from the last made on December 24 to 6,199,92 and will mark – at least by a widely used definition – an output from the bear market.

On December 21, Nasdaq closed more than 20% during its full-time set on August 21, and met the widely accepted definition of a bear market. After going down to Christmas Eve, the index has stopped higher along with other main goals.

Source: FactSet

Nasdaq in rally mode?

Nasdaq has achieved 12.1% so far in 2019, while the S&P 500 index

SPX, + 0.30%

has achieved 10%, and the Dow Jones Industrial Average


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