IBD Market Wrap - 06/18/15
Stocks powered to new high ground Thursday as economic data signaled growth, but not so fast that the Federal Reserve will be in a hurry to raise rates. The Nasdaq surpassed the 15-year intraday high it set on March 10, 2000 at the peak of the dotcom bubble. The S&P 500 gained 1%. After pricing the year's biggest tech IPO late Wednesday, wearable fitness tracker maker FitBit surged 48% in its first day of trade. The biotech group was one of the top performers: Celgene, Biogen and Regeneron all gained more than 2%. Hain Celestial climbed 2.3% to break out of a flat base. On the down side, Oracle fell as much as 9% intraday, but pared losses to close down 5%.