Nasdaq Soars as Amazon Looks for Prime Win, Workhorse Raises Cash
In 2020, the stock market has been all about the Nasdaq Composite (NASDAQINDEX: ^IXIC). The benchmark is heavy on tech stocks, and tech has been one of the best performers all year. Regardless of whether you're talking about the biggest tech stocks in the world or the up-and-coming players in hot areas like software as a service, the Nasdaq has been the place to be lately, and it rose another 2.5% by 1 p.m. EDT Monday.
A couple of companies show just how widespread the gains on the Nasdaq are. E-commerce giant Amazon (NASDAQ: AMZN) was up sharply as investors anticipated a big event coming Tuesday. Meanwhile, small electric vehicle player Workhorse Group (NASDAQ: WKHS) made progress in gathering some much-needed capital to finance its business growth.
Amazon's stock was up another 5%, approaching its all-time high. The e-commerce marketplace provider is getting ready for one of its biggest shopping events of the year, and shareholders are trying to get the jump on the positive impact on the stock before it actually happens.
Source Fool.com
