Which is a good thing. Onward and upward.
From Barron's Stocks to Watch:
This just in: The Russell 1000 Growth Index just hit an all-time high of 925.98. Now this isn’t just another all-time high, the way we’ve been getting them in the S&P 500 and the Dow Jones Industrial Average, which have hit multiple highs this year. This is a big deal.
The reason: The previous high in the Russell 1000 Growth Index was back in March 2000–right at the peak of the dot-com bubble. That means it’s taken nearly 14-and-a-half years for the index to finally scale those heights.
The Russell 1000 growth index is chock full of big tech companies like Apple (AAPL), Microsoft (MSFT), Verizon Communications (VZ) and Google (GOOG).The big difference now is that these types of stocks actually make oodles of money and trade at (more) reasonable valuations.IWF is the iShares ETF based on the index.
Those stocks are also big components in the Nasdaq 100 and Nasdaq Composite indexes–just about the only major U.S. indexes that have yet to hit their all-time high....MORE