Stock Market News: The Must-Know Lesson From Today's 2 Big Stock Winners
The stock market gained ground on Thursday morning, buoyed largely by excitement on the earnings front. Even though the broader global economy remains under serious pressure from the impacts of the coronavirus pandemic, investors are trying to look beyond lockdowns and other measures and see a brighter future. Just before 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 283 points to 23,947. The S&P 500 (SNPINDEX: ^GSPC) gained 34 points to 2,883, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up 87 points to 8,941.
Two stocks in particular had extremely good news for their shareholders that sent their stock prices soaring on Thursday. Peloton Interactive (NASDAQ: PTON) and Twilio (NYSE: TWLO) don't have a huge amount in common, but they've both done something that's been essential to their success during the coronavirus bear market: They've pivoted to provide must-have services that even people in lockdown have held in high regard during challenging times.
Image source: Getty Images.
Source Fool.com
