Nasdaq closes above 4,000 for first time in 13 years

euters The asda composite index closed above 4,000 on Tuesday for the first time since 000, while the ow and ended barely changed

etailers and homebuilders were among the best performing sec tors, responding to stronger than expected earnings and robust housing mar et data ig cap technol ogy stoc s helped asda the most on Friday to finish above 4,000 for the first time since the dot com bubble burst in 000 and sent the tech heavy index hurtling Ti ff a n y o umped seven per cent to 0 and was the 00 s top performer after the luxury retailer s third uarter sales topped expectations The retail index T advanced 0 percent “The wealth ef fect because the stoc mar et has gone up has defi nitely helped the upper end fol s, said ary radshaw at odges apital anagement in al las, Texas oreover, rad shaw said gasoline prices were giving a potential boost to broad based holiday spending al art tores nc shares rose 0 percent to close at an all time high of 0 a day after the retailer named a new chief executive

o s a n l o t h i e r s n c surged per cent to after en s earhouse offered to buy the company for per share in cash, a nine percent premi um to its onday close en s ear house umped percent to 0 0 n the asda , pple nc gained percent to 40, oogle nc rose percent to ,0 4 and ma on com nc shares ended up percent to The ous ing ndex rose percent after stron ger than expected figures on building permits for ctober and a steady rise in housing prices yland roup led the index, gaining percent to 40 0 a share

ermits for fu ture home construction hit a year high and an index of single family home prices notched big gains in eptember