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The Nasdaq Composite on Tuesday breached the 6,000 level for the first time.

The tech-heavy Nasdaq climbed as much as 0.4 per cent to 6006.02 on Tuesday after closing at a fresh record high in the previous session and is up nearly 12 per cent so far this year.

Renewed appetite for technology stocks and a rally in the so-called FANG stocks — Facebook, Amazon, Netflix and Google — have pushed the equity gauge sharply higher in recent months.

Investors poured $5.95bn into US technology funds in the first quarter — the biggest inflow into dollar funds on record — according to EPFR data.

Copyright The Financial Times Limited 2017. All rights reserved.

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