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NASDAQ crosses 6000-point milestone
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The NASDAQ has achieved a major milestone by crossing the 6000-point mark for the first time in its history.

The tech heavy index set the record this morning in New York when it breached the previously impregnable barrier to sit at 6012 in early trade this morning.

"The NASDAQ has not seen a major new high, which is to say a breakthrough of a big round number, since way back in 2000," said Brad McMillan, chief investment officer at Commonwealth Financial Network, told Market Watch in February when the NASDAQ edged close to the milestone.

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The rise can be put down to above expectation corporate earnings and the market rally since Donald Trump's election that sparked hopes of corporate tax cuts, infrastructure spending and deregulation.

The NASDAQ has soared by 15.7 percent since the election on November 8.

Markets may have also priced in a cut in the corporate tax rate to 15 percent, which Mr Trump is expected to announce tomorrow when he unveils his plans for tax reform.

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