New high for Nasdaq | Why aren't surging infections hurting market? | New home sales soaring

The Nasdaq hit a new high on Tuesday, led by gains in Apple shares.

VIEW IN BROWSER | SUBSCRIBE TUE, JUN 23, 2020 EVENING BRIEF AS OF TUE, JUN 23, 2020 • 04:06 ET DJIA 26156.10 +0.50% +131.14 S&P 500 3131.29 +0.43% +13.43 NASDAQ 10131.37 +0.74% +74.89   Most Active DOW NAME LAST CHG %CHG AAPL 366.53 +7.66 +2.13% BA 187.88 -0.64 -0.34% PFE 32.77 -0.34 -1.03% S&P 500 NAME LAST CHG %CHG AAL 14.00 -0.92 -6.17% F 6.15 -0.13 -2.07% GE 7.00 -0.04 -0.57% NASDAQ NAME LAST CHG %CHG AAL 14.00 -0.92 -6.17% UAL 36.08 -0.46 -1.26% AAPL 366.53 +7.66 +2.13% EDITOR'S NOTE The coronavirus is apparently not taking a summer hiatus as once hoped.   The nation's seven-day average of daily new Covid-19 case has surged more than 30% compared with a week ago, according to a CNBC analysis of data compiled by Johns Hopkins University.   Texas Gov. Greg Abbott has gone from defending the state's early reopening efforts to threatening more restrictions if hospitalizations continue to surge in his state. "Surely the public can understand that if those spikes continue, additional measures are going to be necessary," he said.   The rise in new cases hasn't deterred the stock market, which continues to reward the Big Tech winners that have boomed in the ongoing pandemic.   The  Nasdaq hit a record high on Tuesday with Apple leading major sector names higher after a bevy of product development announcements.    "The message today may be that the virus and the bull market can coexist," Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC. "Market action seems to suggests that investors expect the economy to continue improving in the months ahead even though the country is likely to experience spotty or temporary spikes in the virus."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Nasdaq jumps to record led by Apple in longest winning streak since December When the stock market is this overvalued, it is usually lower 12 months later There's a wave of selling estimated to be in the billions that's about to hit the stock market U.S. 7-day average of coronavirus cases surges 30% from week ago Track the latest coronavirus news here Dr. Anthony Fauci tells Congress parts of U.S. are seeing a 'disturbing surge' of coronavirus infections Homebuilders see strongest May sales in over a decade, but they have a big problem The investing public has become too greedy and BTIG has a strategy to take advantage of the hype Financial advisory firm Signum tells clients Senate will flip to Democrats as Biden surges past Trump 14% of businesses expect layoffs after using their PPP loan funds     TOP VIDEO DocuSign CEO on growth prospects during the pandemic   CNBC PRO You won't want to own these stocks if Biden wins   SPECIAL REPORTS Two payment stocks a better bet than American Express, market watchers say Hotel stocks: Bull and bear cases for buying into the travel rebound   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS