This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Stocks were up sharply on Thursday, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had its fair share of gains. As of just after 3 p.m. EDT, the Nasdaq was up about 1.25%.
Some investors have been frustrated about the fact that the Nasdaq has been below its record high levels, even as other major market benchmarks have pushed into uncharted territory over the past week. However, today’s gains are taking the index closer to its high-water mark, and one signal from a different part of the financial markets could point toward a sustained upward move for the Nasdaq in the weeks and months to come.