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Nasdaq Reaches 8,000
The Nasdaq moved 0.6 percent to reach 8,000 with help from early session market movers, such as Align Technology Inc, Netflix Inc and Wynn Resorts Ltd. The biggest decliner was Tesla–down 3%–pressured down after news of CEO Elon Musk abandoning his go-private plans broke.
“The market has been buffeted with a lot of headwinds lately, and the biggest one is trade,” said Art Hogan, chief market strategist at B. Riley FBR. “If you were to take trade out of the picture, you would have a smoother ride higher in this market.”
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