The Nasdaq topped 4,000 on Monday, its highest level in 13 years.
The tech-heavy index gained 11 points, or 0.3%, to reach 4,003 shortly after the opening bell amid a broad-based rally that also sent the Dow and S&P 500 higher. The Nasdaq peaked at 4,007.09, before shedding some gains and ending the session up 2.92 points, or 0.07%, at 3,994.57.
The Nasdaq flirted with the 4,000 threshold last week, closing at 3,991.64, up 0.14%, or 6 points. Year to date, the benchmark is up a whopping 32.20%.This is where you want to be invested in right now..
Amgen (Nasdaq: AMGN) Deal Shows How to Find Biotech's Best Investments
On Sunday, the world's largest independent biotechnology company, Amgen Inc. (Nasdaq: AMGN), bought Onyx Pharmaceuticals Inc. (Nasdaq: ONXX) in a $10.4 billion dollar deal - making it the fifth-largest biotech deal in history according to Standard & Poor's Capital IQ.
The Amgen deal with Onyx highlights where insiders - and investors - see the best investments in the biotech industry.