NASDAQ Crosses 10,000 Point Mark for First Time Ever, Travel Company Stocks Surge

By  //  June 9, 2020

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optimism surrounding the reopening of the U.S. economy

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(FOX BUSINESS) – U.S. equity markets were mixed Tuesday as the Nasdaq crossed the 10,000 level for the first time and investors took profits in some of the high-flying companies that netted a windfall on optimism surrounding the reopening of the U.S. economy.

The tech-heavy Nasdaq reversed an early loss of 0.62 percent, on its way to briefly eclipsing the 10,000 level for the first time.

The Dow Jones Industrial Average fell as many as 421 points, or 1.53 percent, before paring its losses while the S&P 500 dropped 1.22 percent.

Looking at stocks, travel-related companies saw profit-taking after scoring big gains in recent sessions.

Dow component Boeing was lower after rallying 50 percent over the previous four sessions while American Airlines saw profit-taking following its 81 percent gain since Wednesday.

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