The Nasdaq Composite (NASDAQINDEX: ^IXIC) set an all-time record high on Tuesday, and even a quiet morning on Wall Street Wednesday wasn't enough to hold the index back. As of 11:30 a.m. EST, the Nasdaq had gained another 0.2% to push further into record territory.
Investors in the Nasdaq continue to look closely at some of the hot investing trends that have dominated the markets in 2020. Self-driving vehicle technology has been a big area of innovation, and Luminar Technologies (NASDAQ: LAZR) gained ground despite having to answer some questions about its relationship with a key partner. Meanwhile, cannabis cultivator Tilray (NASDAQ: TLRY) helped lift the entire marijuana stock sector Wednesday on news of a big merger with an industry rival.
Luminar Technologies climbed more than 6% on Wednesday morning. That was only enough to recover a portion of the stock's losses from Tuesday, with the automotive lidar specialist finally coming out and reassuring investors on a key issue.
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Luminar Rebuts Mobileye Rumors; Tilray Does Deal as Nasdaq Inches Higher