Tallahassee Journal

Nasdaq hits new record

Nasdaq hits new record

Tech investors apparently could care less about the debt drama in Greece. Want proof? The hot Nasdaq got even hotter today, climbing even farther into record territory. Heading into today’s trading session, the Nasdaq was up 8% for the year, leading all the major U.S. stock indexes.nasdaq-stock-market

In early trading to kick off the new week, the Nasdaq composite climbed as high as 5158.25, surpassing its prior intraday peak of 5,143.32 from June 18 and putting it on track for yet another record close. Its last record close was also June 18 when the tech and biotech packed stock index finished at 5,132.95.

The record-setting day comes amid last-minute deal negotiations between debt-strapped Greece and its creditors ahead of a June 30 deadline in which Greece’s financial lifeline could be shut off if Athens doesn’t make its $1.8 billion loan payment to the International Monetary Fund. While a deal was not sealed today, both parties are optimistic an agreement can be finalized later this week. If a deal doesn’t get done, markets will likely react negatively as it will put back on the table a Greek default and possible exit from the eurozone.

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