With financial markets back in action on Tuesday, the Nasdaq?Composite Index (COMP) rose for an eighth straight session, reaching heights last seen in July 2013.
To date, the index has outperformed the other two with its 2.6% increase.?
For the day, it closed at 4,272.78, up 28.76 (0.68%) while overall it was a mixed trading day. The S&P 500 (SPX) closed at?1,840.76, up 2.13 (0.12%) while the?Dow Jones Industrial Average (DJIA) ended the day at 16,130.40, down -23.99(0.15%).?
The VIX closed at 13.87, up 0.30 (2.21%).?
Most active equity options and strikes on Tuesday included MU, MSFT, AAPL and IRM. For Apple, it was part of a news story that one of its deal makers met with Tesla Motors Inc.’s CEO in 2013 about a possible merger.
Jefferies & Co. analyst Peter Misek shot down the rumor by saying on CNBC, “I would put zero chance of a merger. But I would put a lot of chance on collaboration. … [Job’s] departure has left a big gaping hole even now with all the talent they have at Apple, so they would certainly look to collaborations and Musk certainly fits that bill.”
?For the day, Tesla hit a record close at $203.70, up 5.47 (2.76%) while Apple ended up 2 (0.37%) to 545.99.
On Wednesday, the Federal Reserve will release its January meeting minutes which included a $10 billion cut in monthly asset purchases.?