Nasdaq Takes Just One Month to Recoup Worst Losses in Two Years
- Tech stocks reclaim leadership as economy optimism returns
- Other major indexes remain below January highs after rout
Photographer: Victor J. Blue/Bloomberg
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Spring has sprung for tech stocks.
The Nasdaq Composite Index rallied to a fresh record Friday, capping an 11 percent gain since its Feb. 8 low as investors poured back into the nine-year old bull market’s biggest winners. Indexes for every other corner of the market, from mega-caps to small-caps to the S&P 500 have yet to reclaim the same milestone.