Nasdaq Rebounds as Tesla Defies Downgrade; Airbnb Set to Pop

Market participants have seen most market dips as buying opportunities for months now, and Thursday morning was no different. As has happened repeatedly during 2020, the Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to outpace the rest of the stock market, with the index climbing two-thirds of a percent by 11:30 a.m. EST.

Tesla (NASDAQ: TSLA) has been one of the biggest stories in the Nasdaq this year, and today brought yet another chapter to the electric vehicle pioneer's story. Meanwhile, investors are waiting with bated breath for the IPO of Airbnb (NASDAQ: ABNB) to become available, but they'll have to pay a pretty penny in order to get in if early indications are correct.

At first glance, there didn't seem to be anything particularly unusual about Tesla's modest gain of 1.5% on Thursday morning. The Model 3 maker has been on an upsurge for months now, punctuated only by brief pullbacks before renewing its upward trajectory.

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Source Fool.com