FX.co ★ Nasdaq at record high

The US Nasdaq Composite stock index climbed to record highs. The indicator which includes stocks of high-tech companies has broken the 6,000 points mark for the first time in history and risen to 6,021 points. The growth of the index is partially driven by positive sentiment of investors on both the American and European stock markets. Not surprisingly, as there ar enough reasons to be optimistic.

Wilbur Ross, the advisor of the Rothschild family and the "King of Bankruptcy" was put in charge of the US trade of American trading. Emmanuel Macron won the first round of the French election and is the main contender for the presidency in France. At the same time, Donald Trump is closer than ever to fulfilling one of his campaign pledges. Currently, the implementation plan for the tax reform is being actively discussed in Congress. Besides, the White House considers a reduction of the corporate tax by 15%. All these factors aroused enthusiasm among investors and that, consequently, provided the Nasdaq Composite with a boost.

It should be noted that Nasdaq reached its first peak in 2000 during the dot-com bubble, a period of booming internet companies. Then the index skyrocketed over 5,000 points. After the crisis of 2001 the key stock indicator could not reach the previous maximums for 15 years.