Logitech Pulls Nasdaq Higher; Tesla Braces for Earnings
The Nasdaq Composite (NASDAQINDEX: ^IXIC) gained ground at midday on Tuesday, rebounding from a drop of nearly 2% on Monday. Investors seemed to feel more comfortable with the level of uncertainty facing markets right now, especially with key events like the 2020 U.S. presidential election looming ahead. Just after 12:30 p.m. EDT, the Nasdaq was up nearly 1%.
Earnings season continues, and today, it was Logitech's (NASDAQ: LOGI) turn to blow its numbers out of the park with an amazing performance. Tesla (NASDAQ: TSLA) hopes to match those gains when it releases its latest financials Wednesday afternoon, but investors seem less comfortable about the prospects for the electric-vehicle maker's stock.
Logitech shares soared higher by 17%. The tech-peripherals specialist released fiscal second-quarter results that reflected a huge surge in demand from its customers.
Source Fool.com
