Nasdaq 100 Jumps to 15-Year High as August's Tumble Is Erased
- Amazon, Microsoft surge more than 30 percent to lead rebound
- Index is first to recoup losses from summer equity rout
S&P 500 Best October Since 2011
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Another step in the recovery from this summer’s equity meltdown occurred Monday as a broad advance in U.S. stocks pushed the Nasdaq 100 Index above its July high and toward record territory.
The index’s 1.2 percent advance extended its rally from the Aug. 25 trough to 17 percent, making it the first major index of U.S. stocks to retake a multiyear high established earlier in 2015. The Standard & Poor’s 500 Index remains more than 1 percent from its May 21 peak of 2,130.82, while the Dow Jones Industrial Average was 2.6 percent from its last record.