Nasdaq Soars Nearly 300 Points as Intra-Cellular Breaks Through; a Lemon for Lululemon?
After three days of steep declines, on Wednesday the Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to recover some lost ground. Investors were ready for a bounce, and that's what they got. Some hard-hit tech stocks put together big gains, and collectively, they carried the Nasdaq to a rise of nearly 300 points.
The big winner on the Nasdaq was Intra-Cellular Therapies (NASDAQ: ITCI), which had groundbreaking news in an area of the biopharmaceutical industry that had nothing to do with COVID-19 treatment. Meanwhile, shares of lululemon athletica (NASDAQ: LULU) have soared in 2020, but it wasn't able to join the celebration after announcing quarterly results that raised some questions about the coming holiday season.
Image source: Getty Images.
Source Fool.com
