Tesla Hits Records as Nasdaq's Big 2020 Winner; Enphase to Join S&P 500
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been an exciting place for investors in 2020, and so it's reasonable that the high-flying index would take a break to finish a historic year. As of 2:45 p.m. EST, the Nasdaq Composite was down just a tiny fraction of a percentage point, having regained much of its losses from earlier in the session.
It shouldn't come as a big shock that Tesla (NASDAQ: TSLA) is finishing 2020 on a positive note. With a push to all-time record highs, the electric automaker became part of the S&P 500 index and has joined the mainstream of the investing world. Meanwhile, another stock from the Nasdaq's ranks will follow in Tesla's footsteps soon, as Enphase Energy (NASDAQ: ENPH) got a vote of confidence from index managers.
It's hard to overstate the influence that Tesla has had on the Nasdaq and the broader market in 2020. The stock added another 2% on Thursday afternoon, climbing above the $700-per-share mark for the very first time.
Source Fool.com
