Another Record in Reach of Tech Stocks as Big 5 Add $500 Billion
- Their value approaches $3 trillion, or 17 percent of U.S. GDP
- Only half the time since 2000 the entire Nasdaq 100 worth more
Are a Handful of Companies Driving Market Gains?
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The rally in mega-cap tech stocks is poised to close a final chapter in the history of the dot-com bubble.
Namely, after a 17-year hiatus, it’s put the S&P 500 Information Technology Index within spitting distance of a record, making it one of the last of the benchmark’s 11 major industry groups to complete the circuit. The computer and software gauge has soared 17 percent in 2017, leaving it less than 5 percent from its level on March 27, 2000.