The Nasdaq has bolted above 5,000 following a surge in biotech company Biogen as US stocks gained more broadly on a pullback in the dollar. The tech-rich Nasdaq Composite Index jumped 34.04 (0.68 per cent) to 5,026.42, finishing above 5,000 for only the fourth time in its history. The Dow Jones Industrial Average jumped 168.62 (0.94 per cent) to 18,127.65, while the broad-based S&P 500 rose 18.79 (0.90 per cent) to 2,108.06. US stocks got a lift as the dollar retreated following a Federal Reserve statement two days ago that vowed a cautious approach to lifting interest rates.
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