Nasdaq 3,000 More Important Than Dow 13,000
The Dow Jones Industrial Average breaking through the 13,000 barrier for the first time since May 2008 certainly made for big financial market headlines. But there may be an even more significant event on the horizon, the Nasdaq hitting the 3,000 mark. The Nasdaq, of course, is technology-laden, and it’s technology stocks like Apple that have been leading the stock market’s charge higher. The last time the Nasdaq saw the psychologically significant 3,000 level was in December 2001. At that time, the Nasdaq was dropping through the 3,000 level as the technology industry struggled with the designs of handheld devices,…