This Time Social Media Sending Nasdaq to Brink of 2000 High
Munster: You Have to Own Facebook for the Long Haul
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While the Nasdaq Composite Index is creeping up on a record set when software and semiconductors called its tune, the latest leg has been driven by technology that barely existed 15 years ago.
Companies tracked by the Solactive Social Media Index have surged 15 percent this year as LinkedIn Corp. and Facebook Inc. posted gains at least four times larger than that for the Standard & Poor’s 500 Index. The gauge is up 7.6 percent this month alone, helping pull the Nasdaq within 14 points of an all-time high.