Nasdaq Hits 3rd Straight Record as Tesla Tops $1,500 and Zoom Zooms to New Highs
The stock market has posted an amazing rebound from its March lows, but the real standout among major market benchmarks has been the Nasdaq Composite (NASDAQINDEX: ^IXIC). On Friday, the index closed at a record high for the third straight day, buoyed by enthusiasm about the U.S. economy's ability to overcome even a troubling rise in COVID-19 cases. Both the Composite and the Nasdaq 100 Index were up between 0.5% and 1%.
Tesla (NASDAQ: TSLA) and Zoom Video Communications (NASDAQ: ZM) have been among the top performers in the stock market lately, and today both companies saw their stocks move to new record levels. For Tesla, momentum seems to be unstoppable right now, even as short-sellers remain skeptical of the electric vehicle maker's prospects. Zoom, meanwhile, saw more modest gains on Friday, but investors have high hopes for even more from the video collaboration specialist in the weeks ahead.
Shares of Tesla jumped 10% on Friday, adding to their amazing run recently. The stock has climbed more than 50% just since June 29, and investors think that there could be even more gains ahead.
Source Fool.com
