Though the broader market posted a lackluster performance Wednesday, the technology-heavy Nasdaq closed at a record high for the second straight session, buoyed by a resurgent crop of stocks that led the market at the height of the pandemic but languished earlier this year due to inflation concerns. AFP/Getty ImagesThe Nasdaq climbed 18 points, or 0.1%, to 14,271 on Wednesday, closing above the previous day's record high.
Shares of Tesla led the way, jumping more than 5% after the electric carmaker helmed by billionaire Elon Musk announced Wednesday itOther stocks leading the Nasdaq higher Wednesday included chipmakers Micron Technology and Applied Materials, which jumped nearly 2% apiece after crashing in recent months amidInternational ecommerce platforms MercadoLibre and Baidu also outperformed the broader market, jumping about 1% each.
This year, the top-performing stocks in the Nasdaq's top ranks include vaccine-maker Moderna , Applied Materials and Biogen .The Dow Jones Industrial Average fell 0.2% to 33,879 points—roughly 2.5% below the index's latest high on May 4. The S&P 500, meanwhile, dipped 0.1% to 4,241—ending the day less than 15 points shy of a record close on June 14.
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