Learn what happened in business in today’s past

 

January 29:

1999: Just six months after breaking the 2000 barrier, the NASDAQ Composite Index rises 28.55 points to close above 2500 for the first time, finishing the day at 2505.89.

www.nasdaq.com

1997: The U.S. Treasury auctions off its first issue of inflation-indexed securities, finally enabling investors to hedge the risks of the escalating cost of living.

Daniel J. Fuss, portfolio manager, Loomis Sayles Bond Fund; Robert J. Angell and Alonzo L. Redmon, "Inflation Indexed Treasuries: How Good Are They?" AAII Journal, April, 1998, p. 22.