Here's Why Pinterest Is Rising on Tuesday

The stock market was having a mildly strong day on Tuesday with the S&P 500 index higher by about 0.5% as of 11:45 a.m. ET. However, social media stock Pinterest (NYSE: PINS) was a major outperformer, with shares higher by nearly 5%.

There are two likely explanations for today's move. First is that high-growth technology stocks are getting a nice pop in general, and that's especially true of those that were beaten down in the tech sell-off of recent weeks. The tech-heavy Nasdaq is by far the best performer of the three major indexes on Tuesday.

Image source: Getty Images.

Source Fool.com