NEW YORK: Four years after the Nasdaq hit its peak amid a frenzy for technology stocks, many of the index’s top companies have seen their value drop by 50% or more.
On March 10, 2000, the technology-packed Nasdaq Composite Index hit an historical intra-day high of 5,132.52 and its lifetime closing high of 5,048.62. It was the peak of the tech boom when investors bid up prices of Internet and other technology shares to heady levels that ultimately could not be maintained.
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