Last week, the Nasdaq marked its 63rd record close of 2017, surpassing the previous record of 62 all-time closing highs in a calendar year rung up in 1980. All three main benchmark stock indexes closed at records at the same time for the 25th time this year, tying a record for the calendar-year trifecta set in 1995.
So far this year, the Nasdaq has far outperformed the other main equity gauges. The index has risen nearly 26 percent in 2017, compared with a gain of nearly 16 percent for the S&P 500 index and 19 percent for the Dow.
The story of 2017 is tech stocks. The S&P 500 was up 2.3 percent in October, its best month since February, but technology accounted for 75 percent of that gain. Without tech, the S&P would have been up roughly 0.5 percent.
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