Stocks Party Like It’s 2000 During Record Highs
The major stock indices reach record highs on March's first trading day.
— -- The Dow Jones Industrial Average and the S&P 500 closed today at new record highs.
The tech-heavy NASDAQ was partying like it’s 2000. NASDAQ closed above 5,000 for first time in 15 years.
It’s only closed above this level two other times in history, once on March 9, 2000, and once on March 10, 2000, before the tech bubble burst.
Many stocks hitting new all-time-highs this morning including: Disney, Apple and Starbucks. The Walt Disney Company is the parent of ABC News.
One stock not enjoying today’s run: Lumber Liquidators. After a "60 Minutes" report Sunday night on chemicals in flooring it sells, the stock closed down more than 25 percent today. In filing with the Securities and Exchange Commission today, Lumber Liquidators said all of its laminate flooring meets the safety standards set by regulators throughout the U.S.
Last Wednesday, the stock cratered 26 percent when CEO Robert Lynch mentioned in the Lumber Liquidators earnings conference call that the "60 Minutes" report was coming, as well as the possibility of a criminal charges from the Department of Justice.