It Took 17 Years, but Tech Stocks Have Finally Recovered From the Dotcom Crash

At long last, tech stocks have finally recovered all the losses they suffered during the bursting of the dotcom bubble in 2000.

It only took 17 years.

The S&P 500 Information Technology Index closed Wednesday at an all-time high of 992.3. In doing so, it broke the previous record of 988.5, which was set back in March 2000.

In the intervening years, tech shares had lost as much as 80% of their value before beginning the slow ascent back to the top of the market.