Nasdaq Hits New Records as Tesla Delivers, Keeps Soaring
The Nasdaq exchange has had some of the most exciting companies in the stock market, and they've helped to make the Nasdaq the first major market benchmark to reach new highs. On Thursday, the Nasdaq Composite (NASDAQINDEX: ^IXIC) and the Nasdaq 100 set fresh records, rising between 0.5% and 1%, and capping another strong week.
There are plenty of stocks listed on the Nasdaq that have seen impressive gains lately. But it's hard to find a stock that's generated more attention than Tesla (NASDAQ: TSLA), which used a positive announcement about its fundamental business strength to send its shares to new highs above the $1,200 mark.
Shares of Tesla finished the day up around 8%, adding to big gains throughout the week. Although past increases came largely from speculation about the future, today's rise in the electric vehicle pioneer's stock was based purely on business performance.
Source Fool.com
