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Tech-heavy Nasdaq 100 becomes first major US stock index to reach record highs after coronavirus plunge

nasdaqREUTERS/Eric Thayer
  • The Nasdaq 100 index set a new intraday record on Thursday, becoming the first major US stock index to fully erase losses from the coronavirus sell-off.
  • The index peaked at 9,741.97 at 10:32 a.m. ET before sliding alongside peer indexes as the session's run-up froze.
  • eBay's 9.8% rally led the index higher, while lower-weighted United Airlines traded as much as 17% higher through the day.
  • Watch the Nasdaq 100 update live here.

The Nasdaq 100 surged to a new intraday record in Thursday trading, becoming the first major US stock index to retrace its coronavirus decline.
The 100-stock index reached an intraday high of 9,741.97 at 10:32 a.m. ET before retreating with its peer indexes as the day's rally paused. eBay led the Nasdaq's run-up, leaping as much as 9.8% after revealing strong demand through the second quarter and boosting its profit guidance.See the rest of the story at Business Insider
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