The Nasdaq Composite index, which is owned and operated by financial services company Nasdaq Inc. (NDAQ), rose to an all-time high on October 25, lifted by technology stocks such as Alphabet (GOOGL), Nvidia (NVDA) and Tesla (TSLA).
The technology-laden Nasdaq rose 0.56% on the day to close at 18,518.61. It was the first new all-time high reached by the Nasdaq since July of this year. The index got a boost from technology stocks that are marching higher ahead of their third-quarter financial results being released.
GOOGL stock rose 2% on the day ahead of its upcoming earnings scheduled for October 29. Nvidia’s share price finished the week nearly 3% higher, pushing its market capitalization to $3.47 trillion and putting it neck-and-neck with Apple (AAPL).
Tesla’s Big Bounce Higher
The Nasdaq got its biggest lift over the past week from electric vehicle maker Tesla, whose share price jumped more than 20% on…
