These 2 High-Growth Stocks Are Soaring on a Down Day for the Stock Market
The stock market was down at midday on Tuesday as investors seemed to react negatively to mixed data from the economy and corporate earnings. Retail sales numbers came in weaker than many economists had expected, with a shortage of cars and trucks contributing to overall figures. At shortly after noon EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 329 points to 35,297. The S&P 500 (SNPINDEX: ^GSPC) had fallen 43 points to 4,437, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) had declined 192 points to 14,602.
Yet even as the market fell, a couple of high-growth stocks managed to post solid gains. Shareholders in both Monday.com (NASDAQ: MNDY) and Sea Limited (NYSE: SE) were pleased with the results their respective companies announced. Below, we'll look more closely at the numbers to see what investors were so pleased about.
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Source Fool.com
