On March 2, 2015 the Nasdaq Composite Index, more commonly referred to as the NASDAQ, closed above 5,000 points for the first time in fifteen years. As this occurred, Wall Street trading floors swelled with the collective anxiety of investors who had observed the same milestone during the Dot-Com era (in March 2000). Only two days after the NASDAQ eclipsed 5,000 on March 9th, the tech-oriented index began its dramatic collapse.
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Ebola To Send Biotechs Higher
The Ebola virus has penetrated U.S. borders, and small biotech firms are racing to develop a cure. That being said, biotech sector trading volumes over the last two weeks have risen to unprecedented levels; moreover, nearly all Ebola-centric biotech stocks have generated impressive returns to match this rise in trading volume.
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Tesla Uncoils For A Momentous Ride
Tesla (TSLA) is a revolutionary electric car company based out of Palo Alto, California. The company was founded, and is now overseen, by billionaire entrepreneur Elon Musk. Tesla’s stock has grown by 600% over the past year, but has also been quite volatile. Interestingly, Tesla’s product portfolio contains only a single car: the Model S.
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