Nasdaq Soars 226 Points as Amazon, Tesla Reach All-Time Highs
The stock market enjoyed a big bull market on Monday, and the Nasdaq helped lead the way. The Nasdaq Composite (NASDAQINDEX: ^IXIC) index climbed more than 2%, and the Nasdaq 100's gains amounted to 2.5% by the end of the day.
The name of the game for Nasdaq investors in 2020 has been momentum, as winning stocks have tended to keep winning. That's the case for Amazon.com (NASDAQ: AMZN), whose stock hit $3,000 per share for the first time ever on Monday. In addition, high-flying electric vehicle maker Tesla (NASDAQ: TSLA) continued to advance to new heights, as more stock analysts jumped on board in affirming the company's promising prospects.
Amazon's stock climbed almost 6% on Monday. That was enough to lift the e-commerce and cloud-computing giant above $1.5 trillion in market capitalization. While that still doesn't put it in first place, it shows just how optimistic investors are about its future.
Source Fool.com
