NEW YORK (Reuters) - The Nasdaq 100 on Thursday became the first US equity index to reclaim its intraday record high as a reopening of the economy from coronavirus lockdowns powered a Wall Street rally following its stunning crash into a bear market in March.
Historic US monetary and fiscal stimulus, as well as hopes of a faster economic recovery from a coronavirus-induced slump have lifted the three main indexes from multi-year lows, with tech-related stocks among the biggest gainers.
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