Global stocks hit a new record high
![Happy days are here again on the Nasdaq](https://cdn.mos.cms.futurecdn.net/42oJVaKhCBn2NijPuHghdi-1280-80.jpg)
On Thursday, the Nasdaq Composite Index hit a new high, 5056.06, breaking a record set 15 years ago, on March 10, 2000. Soon after reaching that peak, the tech-heavy stock index deflated 78 percent alongside the dot-com bubble. (The Wall Street Journal has a nifty interactive feature to relive the Nasdaq roller coaster, literally.)
But the Nasdaq isn't the only bourse where happy days are here again. On Friday, the MSCI All-Country World index also hit a record high, 441.1 points, buoyed by positive corporate earnings in Europe, optimism that Greece won't default on its debt after all, and rising oil prices. At least when it comes to the Nasdaq, financial analysts say this new peak is different from the last, since the companies on the exchange are profitable and more established now. So, if you're skeptical of Wall Street analysts, you might start looking for alternate investments.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
![https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516-320-80.jpg)
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Data blunders put Japan's after-work boozing culture in the spotlight
Under The Radar Excessive alcohol consumption and an analogue work culture combine to create a recipe for disaster when it comes to sensitive files
By Chas Newkey-Burden, The Week UK Published
-
Today's political cartoons - February 17, 2025
Cartoons Monday's cartoons - knife edge politics, yucky Ye, and more
By The Week US Published
-
Germany's elections: from dull to high drama
The Explainer Surge of far-right AfD threatens to upend mainstream coalition politics
By The Week UK Published
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published