Nasdaq-100 poised to test multi-year high

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Nasdaq-100 poised to test multi-year high
from MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- The NASDAQ-100 Index is poised to close at a 11-year high on Monday, rising 0.3% to 2785.64 on the back of Apple Inc. and Research In Motion shares. Both stocks rallied after a U.S. jury late Friday determined that Samsung Electronics Co. infringed on six of Apple's patents and awarded the Cupertino, Calif.-based tech company $1.05 billion in damages. In contrast, shares of Google Inc. , which provides the Android operating system used by Samsung, were down 1.4%. The Nasdaq-100 last closed above 2,788.22 on Dec. 12, 2000 when it ended at 2,863.21, according to data from the Wall Street Journal data group. The index includes some of the largest companies listed on the Nasdaq market but excludes financial companies. PowerShares QQQ Trust , an exchanged-traded fund that tracks the Nasdaq-100 Index, gained 0.2% to 68.45.