Nasdaq Soars Despite PayPal Pullback; SolarEdge Loses Its Shine

The stock market has been anxious about the U.S. presidential election for a long time, and on Tuesday, voters are finally going to the polls. The Nasdaq Composite (NASDAQINDEX: ^IXIC) is reacting positively to the idea that investors will finally be able to put the election behind them and move forward to refocus on companies and their business prospects. As of just before noon EST, the Nasdaq was up just shy of 2%.

For the most part, the most influential stocks in the Nasdaq Composite were broadly higher on Tuesday. A notable exception was PayPal Holdings (NASDAQ: PYPL), which lost ground despite releasing a solid earnings report. Elsewhere, SolarEdge Technologies (NASDAQ: SEDG) suffered a much-larger decline after giving investors its latest reading on its performance.

PayPal Holdings saw its stock sink between 1% and 2% at midday on Tuesday. Investors weren't willing to give the electronic payment network any credit for the record-setting growth it posted during the third quarter.

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Source Fool.com