The Nasdaq Composite (NASDAQINDEX: ^IXIC) continued its impressive outperformance of the rest of the stock market on Tuesday morning. Even as other major market benchmarks lost ground, the Nasdaq opened higher. By 10:15 a.m. EST, the Nasdaq was trading in record territory, rising nearly half a percent.
A couple of well-known companies stood out from the Nasdaq crowd on Tuesday morning. Peloton Interactive (NASDAQ: PTON) is a brand-new member of the Nasdaq-100 Index, and it announced big corporate news that could change the way people look at the company. Meanwhile, Apple (NASDAQ: AAPL) has been in the Nasdaq for a whole lot longer, and its latest initiative has investors excited about the tech giant climbing far beyond its current $2.25 trillion market cap.
Shares of Peloton Interactive soared more than 13% on Tuesday morning. The move came after the maker of interactive fitness equipment turned to the mergers and acquisitions arena to spur on more growth.