These 2 Nasdaq Stocks Are Setting Record Highs Today
There's nothing more difficult to figure out as an investor than a market that can't decide which direction to move. On Wednesday, market participants seemed more sanguine about the potential impact of the COVID-19 omicron variant on the prospects for future macroeconomic growth, especially in light of testimony from Treasury Secretary Janet Yellen and Fed Chairman Jerome Powell. The Nasdaq Composite (NASDAQINDEX: ^IXIC) was a solid winner, rising about 1.5% by midday Wednesday before pulling back slightly in the early afternoon.
Helping to lift the Nasdaq were a couple of stocks that reached all-time highs on Wednesday. Apple (NASDAQ: AAPL) continued to defy the law of large numbers by boosting its multitrillion-dollar market capitalization still further on the day, while the much smaller Lam Research (NASDAQ: LRCX) set a new high-water mark of its own. Below, we'll look more closely at what moved Apple and Lam Research on Wednesday and whether their soaring stocks could have still further to climb in the weeks and months ahead.
Image source: Getty Images.
Source Fool.com
