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Nasdaq Refuses to Lose as Costco Sales Soar; Amazon Settles for New Record High

Dan Caplinger, The Motley Fool
·4-min read
Nasdaq Refuses to Lose as Costco Sales Soar; Amazon Settles for New Record High

2020 has been a tale of two markets, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has definitely been the big winner. Both the Composite index and the Nasdaq 100 Index reached new highs, climbing around 0.5% and 1%, respectively, even as other market benchmarks fell. Meanwhile, Amazon.com (NASDAQ: AMZN) raced to new record heights, and while some are concerned about the nearly uninterrupted ascent for the tech giant, there are solid reasons why Amazon is doing as well as it is.

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