Nasdaq hits new record as global stocks rally

New York The US stock market rallied at the start of the week, propelling the Nasdaq Composite to an all-time closing high. Investors seemed willing to take risks after the long Independence Day weekend in the United States.

The tech-heavy Nasdaq closed up 2.2% — its best one-day gain since mid-May, and topping its previous record high from last week.Tech stocks were among the best performers on Monday, with Amazon climbing above $3,000 a share for the first time ever.The Dow finished 1.8%, or 460 points, higher, while the S&P 500 , the broadest measure of Wall Street, climbed 1.6%. For the S&P, it was the longest winning streak since December at five days in a row.

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