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Nasdaq Caps a $7 Trillion Decade With Its Best Rally In 10 Years

  • Apple comes close to doubling while Microsoft shares rise 57%
  • At 27, the Nasdaq 100’s P/E is neither low nor unprecedented
Monitors display stock market information as pedestrians are reflected in a window at the Nasdaq MarketSite in the Times Square.

Monitors display stock market information as pedestrians are reflected in a window at the Nasdaq MarketSite in the Times Square.

Photographer: Michael Nagle/Bloomberg

In a decade of extreme wealth creation in markets, few assets did more to enrich investors than stocks in the Nasdaq 100 Index. Their combined value jumped by more than $7 trillion, ending with the best year since the bull run began.

Powered by a near-doubling in Apple Inc. and gains exceeding 50% in Microsoft Corp. and Facebook Inc., the tech-heavy gauge surged 38% over the past 12 months, the biggest increase since 2009.