The Nasdaq Composite hit record highs Tuesday as stocks looked to continue the momentum from the best August in 36 years.

The Dow Jones Industrial Average slipped about 95 points, or 0.33%, in the opening minutes of trading while the S&P 500 was flat and the Nasdaq, which hit an all-time high at the opening bell, was higher by 0.44%.

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The S&P 500 booked its best August since 1984 while the Dow Jones Industrial Average recorded its best August since 1986 as both rallied over 7%. The Nasdaq, meanwhile, recorded its best August since 2000, rising 9.6 percent.

Looking at stocks, Tesla Inc. shares were in focus after the company announced plans to raise up to $5 billion through a stock offering. Shares gained 13% on Monday, the first day of trading since the stock split 5-for-1. Read more at FOX Business