The benchmark has been gyrating between resistance
at this short - term moving average and support
at the 200 - day moving average for the past three weeks, charting large
intraday swings as investors attempt to find a level of comfort amongst
equity prices.
a speculative bubble covering roughly 1995 — 2000 (with a climax on March 10, 2000 with the NASDAQ peaking
at 5132.52 in
intraday trading before closing
at 5048.62) during which stock markets in industrialized nations saw their
equity value rise rapidly from growth in the more recent Internet sector and related fields.