The rally in mega-cap tech stocks is poised to close a final chapter in the history of the dot-com bubble.

Namely, after a 17-year hiatus, it’s put the S&P 500 Information Technology Index within spitting distance of a record, making it one of the last of the benchmark’s 11 major industry groups to complete the circuit. The computer and software gauge has soared 17 percent in 2017, leaving it less than 5 percent from its level on March 27, 2000.

It’s testament to the excesses of the internet era that it hasn’t happened yet, at a time when technology stocks are in such ascendance. The five biggest U.S. companies by equity market value — Apple Inc., Alphabet Inc., Microsoft Corp., Amazon.com Inc. and Facebook Inc. — are up an average 24 percent in 2017, adding $500 billion to their share capitalization.

At just under $3 trillion, their combined value is 17 percent of U.S. gross domestic product — a greater share than ever happened during the first internet age.

ON THE MOVE

The Queen’s Medical Center has honored two physicians as the 2017 Ke Kauka Po‘okela Outstanding Physicians of the Year:

>> Dr. Todd Seto received the Outstanding Hospital-Based Physician award. He is medical director of the Center for Outcomes Research and Evaluation and a noninvasive cardiologist at the Queen’s Medical Center. Seto is also an associate professor of medicine at the University of Hawaii John A. Burns School of Medicine.

>> Dr. Nadine Tenn Salle was given the Outstanding Community-Based Physician award. She serves as chief of pediatrics at the Queen’s Medical Center and is in private practice with Medicine Pediatrics Associates. In 2015 Tenn Salle was a medical officer for the Polynesian Voyaging Society’s Leg II.

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