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Wall Street is thinking Nasdaq 6,000

Wall Street stocks are winning and investors don’t appear to be hitting an exhaustion point

The Nasdaq Composite closed at a record for the seventh consecutive session on February 15
The Nasdaq Composite closed at a record for the seventh consecutive session on February 15 Photo: Getty Images

Wall Street stocks are winning — big league. But investors don’t appear to be hitting an exhaustion point, with the Nasdaq Composite Index mounting so steady and so low-key an ascent into the stratosphere that Nasdaq 6,000 is legitimately on the table.

“The Nasdaq has not seen a major new high, which is to say a breakthrough of a big round number, since way back in 2000. With [Wednesday’s] strong move up, we are getting very close to the next one, at 6,000,” Brad McMillan, chief investment officer at Commonwealth Financial Network told FN's sister publication MarketWatch.

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