Nasdaq Hits 13-Year High

    NEW YORK, NY - NOVEMBER 26:  The Times Square news-ticker announces the NASDAQ composite index topping 4,000 points on November 26, 2013 in New York City. The NASDAQ hasn't topped 4,000 since the year 2000; at its peak the NASDAQ cleared 5000 points in March, 2000.  (Photo by Andrew Burton/Getty Images)

    Andrew Burton/Getty

    For the first time since September 7, 2000, the Nasdaq surpassed 4000 before closing Tuesday. The 13-year high came along with good news for housing and bad news for consumer confidence, which reached its lowest level since April. Even better news came from the real estate market, where building permits reached a five-year high. “This year’s rally has been very broad-based,” Chris Verrone, an analyst at Strategas Research Partners, observed in a note to clients.

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