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Nasdaq breaks 3000

The technology-heavy Nasdaq compositeclimbed to an all-time high in late morning trading Tuesday,breaking through the 3,000-point level on the strength of chipsand computer related issues. The Nasdaq was up 33 points, or 1.
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Written by ZDNET Editors, Contributor on
The technology-heavy Nasdaq composite climbed to an all-time high in late morning trading Tuesday, breaking through the 3,000-point level on the strength of chips and computer related issues. The Nasdaq was up 33 points, or 1.17 percent, at 3,000. ``It's Nasdaq, Nasdaq, Nasdaq,'' said Larry Rice, the chief investment officer at Josephthal Lyon & Ross. Providers of online services, including stock brokerages, and semiconductor issues were showing particular strength. --Reuters

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