Nasdaq Tops 10,000 on Tesla Surge; Starbucks Cools Off
The stock market once again told a tale of two exchanges on Wednesday. The Nasdaq Composite (NASDAQINDEX: ^IXIC) had another great day, rising almost 1% and closing above 10,000 for the first time in its history. The Nasdaq 100 index did even better, gaining almost 1.5% and also climbing over the 10,000 hurdle. Yet elsewhere, market measures like the Dow and S&P 500 finished lower on the day, held back by fears about the Federal Reserve's need to provide further monetary stimulus to try to shore up the broader economy.
Leading the Nasdaq higher on its historic day was Tesla (NASDAQ: TSLA), which celebrated a share-price milestone of its own. However, not every stock on the Nasdaq gained ground, and Starbucks (NASDAQ: SBUX) in particular revealed some challenges that could hold back the coffee stock for a while.
Tesla stock finished higher by 9%, soaring above $1,000 per share for the first time ever. The electric vehicle maker has high hopes that it's only scratched the surface of its addressable market, and future products could dramatically expand its opportunities for further growth.
Source Fool.com
