The Nasdaq Composite first closed above 10,000 in 2020.
Its first close above that milestone came on June 10, 2020, when the index finished at 10,020.35. The Nasdaq Composite tracks thousands of common stocks listed on the Nasdaq exchange, with a particularly strong representation of technology and growth companies. Because it is a market index, the 10,000 figure is an index-point level, not a dollar price or the value of one share.
The milestone arrived during a dramatic year for markets. After falling sharply during the COVID-19 market crash, the technology-heavy Nasdaq Composite rebounded rapidly as investors focused on software, cloud computing, online commerce, and other businesses that benefited from changes in work and consumer behavior.
A common mix-up is between trading above 10,000 during a session and closing above it. The index traded above 10,000 on June 9, 2020, but did not complete a close beyond the threshold until June 10. Later that year it passed 11,000 and ended 2020 at 12,888.28 points.