A Peloton Bailout Could Start a Big Nasdaq Stock Trend
The stock market finished last week with a good-sized rebound as investors are still trying to figure out whether the bull market from the beginning of the pandemic can continue. On Monday morning, market participants had measured optimism, and futures contracts on the Nasdaq Composite (NASDAQINDEX: ^IXIC) were up about a quarter percent as of 8:15 a.m. ET.
The big news in premarket trading came from Peloton Interactive (NASDAQ: PTON), with those following the interactive fitness equipment manufacturer hearing stories about how a larger company might swoop in to buy the ailing company on the cheap. Let's look more deeply into those stories, and then, you'll learn more about the latest financial report from On Semiconductor (NASDAQ: ON) that's sending its stock higher in the premarket session.
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Source Fool.com
