Apple, Amazon Join Nasdaq at Record Highs as Race to $2 Trillion Heats Up
Tuesday wasn't a great day on Wall Street, with most major market benchmarks giving up ground. But that wasn't the case for the Nasdaq Composite (NASDAQINDEX: ^IXIC), which was higher by about 0.3% and finished at 9,954. It had briefly traded above the 10,000 mark earlier in the day. The Nasdaq 100 index was up by nearly two-thirds of a percent and edged above 10,000 before falling back at the close.
Smaller companies have made a lot of headlines lately, but the biggest tech companies in the Nasdaq played key roles in driving the entire market higher. Apple (NASDAQ: AAPL) and Amazon.com (NASDAQ: AMZN) were both up between 3% and 4% on the day, and both stocks set new all-time record highs as their respective businesses stay red-hot.
Apple stock was up more than 3% as investors assessed the iPhone maker's latest move to integrate more of its operations under its own roof. Apple is looking at building its own semiconductor processor chips to go into its Mac computer line, cutting out processor maker Intel (NASDAQ: INTC) in the process.
Source Fool.com
