These 2 High-Growth Stocks Shot Up in an Ugly Stock Market Thursday
The stock market saw a sharp pullback on Thursday morning, continuing the choppy trading we've seen recently. Several factors came into play, including conflicting readings on economic strength and nervousness about the coronavirus vaccine rollout and potential efforts in Washington to help Americans financially. At 11:30 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 244 points to 31,369. The S&P 500 (SNPINDEX: ^GSPC) had fallen 32 points to 3,900, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had moved lower by 154 points to 13,811.
Yet even amid the sea of red on Wall Street, there were a couple of companies that fared quite well. Both Twilio (NYSE: TWLO) and loanDepot (NYSE: LDI) moved sharply higher even in the down market, and investors liked what they heard from the two high-growth companies and the implications their reports have for the future of their stocks.
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Source Fool.com
