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Moody's Corporation
Nasdaq touches 5,000 for first time since 2000
Nasdaq touches 5,000 for first time since 2000

The Nasdaq nudged through the symbolic 5,000-point barrier for the first time since the technology bubble burst in 2000 as the tech-heavy index was pulled by the same guarded economic optimism that has sent broader indexes to recent records. The Nasdaq briefly hit 5,000.33 before dipping back to 4,995.76, for a rise of 33.03 points, or 0.66%, in mid-session, matching similar moves in other markets. Analysts said the Nasdaq's move past 5,000 is a far cry from the euphoria of the dot-com era, when stocks in Internet and other high-tech companies became untethered from actual profits in the belief that the Internet would so transform the economy as to render traditional valuation...

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