Nasdaq Ends Atop 16,000 Mark for the First Time on Tech Strength

Nasdaq Ends Atop 16,000 Mark for the First Time on Tech Strength
The Nasdaq logo is displayed at the Nasdaq Market site in New York on Sept. 2, 2015. Brendan McDermid/Reuters
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The Nasdaq Composite Index closed above 16,000 points for the first time on Friday, in its second-straight record finish powered by technology stocks, while pandemic jitters sent the Dow to its fourth losing session in the last five.

Both the Nasdaq and S&P 500 index scored a winning week, up 1.2 percent and 0.3 percent respectively, after last week’s declines snapped a five-week run of higher finishes.