These 2 Stocks Are Defying a September Slump
2022 has been a year of extreme volatility in the stock market. After a bear-market drop in the first half of the year and a sizable summer rally, major market indexes have moved back lower in recent weeks. As investors put August behind them, they nevertheless seem unconvinced that the worst is over. As of 8:30 a.m. ET on Thursday morning, futures contracts on the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) had fallen roughly half a percent.
Investors get nervous about September as historically, it has been the worst-performing month of the year on average. However, a couple of stocks defied a potential September slump, moving higher by double-digit percentages as they came out with positive news on multiple fronts. Below, you'll learn more about why Nutanix (NASDAQ: NTNX) and Turquoise Hill Resources (NYSE: TRQ) bucked the downtrend to gain ground early Thursday.
Shares of Nutanix jumped more than 16% in premarket trading on Thursday morning. The hybrid multi-cloud computing specialist reported fiscal fourth-quarter results that gave investors some reassurance that it still could have prospects to rebound from sharp declines in recent years.
Source Fool.com
