Nasdaq Closes Above 5,000 for First Time Since 2000

The Nasdaq closed above 5,000 on Monday, marking the first time in 15 years that the stock index hit that mark, NBC News reported. The Nasdaq last hit 5,000 during the dot-com boom in March 2000, before the tech bubble burst and plunged the Nasdaq back to 1,108.49 in October 2002. Monday's milestone, however, is not quite as high a peak when accounting for inflation: The Nasdaq would have to near 7,000 on an inflation-adjusted basis to match its 2000 high.

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