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For the first time this year but the third time since the 2024 election, the Nasdaq Composite is on the cusp of closing above another 1,000-point threshold as the index crossed 21,000 for the first time earlier today. In the table below, we list the date that the Nasdaq first closed above each 1,000-point threshold since first closing above four-digit territory 30 years ago in July 1995.

After first closing above 1,000 in July 1995, it took another three years for the Nasdaq to breach the 2,000 level, but 1,000 points for the Nasdaq isn’t what it used to be. Back then, the Nasdaq had to double to get from 1,000 to 2,000, but the latest 1,000 points required a gain of just 5%.

Of all the different 1,000-point thresholds, the only one the Nasdaq crossed and never looked back from was 6,000 in April 2017. That was also the 1,000-point threshold with the longest span between crosses as it took more than 17 years to get there. At the other extreme, the 1,000-point threshold with the most crosses was 2,000 with 65, while the shortest span between different 1,000-point levels was the 27 days it took to cross from 11,000 to 12,000 in the summer of 2020.

The long-term chart of the Nasdaq below shows when each 1,000-point threshold was first crossed along with the number of days between each one. After a period of 921 days without a new 1,000 point threshold, since the Nasdaq first closed above 17,000, it has crossed a new level four more times.

As mentioned above, 1,000 points isn’t what it used to be, and the Nasdaq’s price history on a log scale illustrates that as each 1,000-point level is more closely bunched together as the index rises over time. After requiring a rally of 100% to get from 1,000 to 2,000, it now takes a rally of less than 5% (and even less with each successive level reached) to reach a new 1,000 point threshold.

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